Answer:
<h2>$80</h2>
Explanation:
Step one:
What is consumer surplus area?
"Consumer Surplus reflects the difference between what a consumer is willing and able to pay for a product, and what the consumer actually ends up paying.
"
<em>The area of surplus is calculated using the formula for the area of the bounded triangle.</em>
<em>Area of surplus =1/2 b*h</em>
<em>where b= the quantity </em>
<em> h= consumer surplus</em>
Step two:
given data
<em>the quantity </em>of tickets = 4
b=Q-O------------ (from the chart attached)
cost per tieckt= $15
Total cost of 4 tickets= 15*4= $60
the actual price is $60
Since you are willing to pay $25 per ticket
the total amount you are willing to pay is = 25*4= $100
Consumer surplus = y-p------------ (from the chart attached)
Consumer surplus = $100 – $60
Consumer surplus = $40
<em>Area of surplus = </em>1/2 x (4) x40 = $80
United States of America’s first president also a important general in the revolutionary war
The nation is a community that shares a "government".
Hope this helps!
Have a great day!
Thanks!
-Charlie
Agriculture and textile factories impacted the economic development of South Carolina in several ways:
i) The textile industries and factories that had emerged before the civil war became very important in the history of South Carolina. There was a ready supply of raw materials, and change of attitude towards the development of industry which led to the growth of textile industries in South Carolina.
ii) The emergence and growth of agricultural and textile industries led to urban development and the rise of the population through migrant migration and a natural increase due to increased food production.
iii) growing of rice led to most of South Carolina's economic success through the rise of rice milling factories that utilized water power drive pestles.
iv) During the civil war, the textile and agricultural factories industry operated to capacity supplying uniforms and weapons leading to revenue growth and economic development.
Answer:
The plague resulted in people moving to the cities.
The plague caused people to lose faith in the church.
Wealth and property changed hands after people died.
B,C,E
Explanation:
