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________
About 6,271 people had viewed the video once it had been online for 20 days. The correct option is C.
<h3>What is exponential equation?</h3>
Exponential equation is the equation in which the exponent or part of exponents used as variables.
where, x is the number of days, given that x = 20
Putting the values in the equation
Thus, the correct option is C, 6,271.
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Broken laws
because each one of them you're doing some thing wrong
