Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to <u>$3.60</u>
<h3>What
is consumer surplus?</h3>
Consumers' surplus is a measure of consumer welfare and is defined as the excess of social valuation of product over the price actually paid. It is measured by the area of a triangle below a demand curve and above the observed price. Since there is willingness to pay.
Therefore, the correct answer is as given above.
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The complete question goes thus:
For each of three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the day. Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to________
To prevent injury while maintaining equipment make sure the equipment is locked out and/or tagged out (i.e., de-energized).
<h3>What does locked-out equipment mean?</h3>
Equipment is locked out when it does not contain any type of change that may affect the security of a device.
This task (locked out) is fundamental to avoid any safety problems associated with a device.
In conclusion, to prevent injury while maintaining equipment make sure the equipment is locked out and/or tagged out (i.e., de-energized).
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Answer:
Why are you giving us the answer..?
Answer
Clocks from an American-owned shop in France
Explanation
GDP is an estimated value of the total worth of a country’s production and services by its citizens and foreign workers from within the country’s boundary calculated in one year.It is applied to measure the strength of a county’s local economy.GNP estimations are carried in the country’s land or foreign land over a year. It aims at seeing how the individuals of a country are doing economically.
