Answer:
$4
Step-by-step explanation:
Total consumer surplus is given by the difference between the willingness to pay of each customer to the actual price of a good.
Since Avery is only willing to pay $10 and the pizza costs $12, Avery will not buy a pizza and should not be considered for consumer surplus.
Since Pia is willing to pay $13, and Sylvio is willing to pay $15, consumer surplus is:
When the price of pizza is $12, a consumer surplus of $4 is achieved.
<span>As you have two fractions, you can cross multiply them. This gives: x/a = y/b to ay = xb. Then divide both sides by b to isolate x: ay/b = x.</span>
The part D is the correct one...
Answer: $88.
Step-by-step explanation:
given data:
The cost of the dress for the prom = $22
label of the rack the dresss was on = 50%.
lowest marked price for the dress = 75%.
Solution:
if the lowest marked price of the cloth was already 75%.
and the current cost of the clothe is $22
the original cost of the cloth would be
100% – 75% = 0.25%
= $22 * 100 / 0.25%
= $88.
The original cost of the dress was $88
