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wariber [46]
2 years ago
15

The number of seats at hard rock stadium is fixed at 70,000. Suppose the team raises the price of a ticket from $30, at which 70

,000 are sold, to $40, and it sells 60,000 tickets. The price change would cause a change in consumer surplus of?
Mathematics
1 answer:
spin [16.1K]2 years ago
5 0

Answer:

<em>The correct answer is "(B) -$700,000; $0; $0".</em>

Step-by-step explanation:

<em>The tax caused a change in the consumer surplus of $-700000, a change in the producer surplus of $0, and a deadweight loss of $0.</em>

<em></em>

<em>The change in consumer surplus is due to the $ 10 increase lost by consumers (10 x 70000 = 70000).</em>

<em></em>

<em>The rest does not vary because management decided to raise the price of the product, instead of bearing the tax.</em>

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The area of Tracy's backyard is 1 1/3 acres she plants a garden that take up 1/3 of the backyard what area in acres of the garde
attashe74 [19]

Answer:

\frac{4}{9}\ acres

Step-by-step explanation:

step 1

we know that

The area of Tracy's backyard is 1\frac{1}{3}\ acres

Convert to an improper fraction

1\frac{1}{3}=\frac{3*1+1}{3}=\frac{4}{3}\ acres

step 2

To find the area of the garden, multiply the area of the backyard by 1/3

so

\frac{4}{3}(\frac{1}{3})=\frac{4}{9}\ acres

3 0
3 years ago
Which of the following points IS a solution to the system: y &gt; - 3x + 4 / y &gt; 2x / - y &lt; 7 Selected answer is not corre
Lady bird [3.3K]

Answer:

Solution : Third Option

Step-by-step explanation:

The first step here is to make all the signs uniform. As you can see the third inequality has a less than sign, which we can change to a greater than sign by dividing negative one on either side, making the inequality y > - 7.

\begin{bmatrix}y>-3x+4\\ y>2x\\ y>-7\end{bmatrix}

Now take a look at the third option. Of course the y - coordinate, 3, is greater than - 7, so it meets the third requirement ( y > - 7 ). At the same time 3 > 1( 2 ) > 2, and hence it meets the second requirement as well. 3 > - 3( 1 ) + 4 > - 3 + 4 > 1, meeting the first requirement.

Therefore, the third option is a solution to the system.

6 0
3 years ago
What is the length of the second base of a trapezoid if the length of one base is 24 and the length of the mid segment is 19
rodikova [14]
The sum of the two bases is twice the length of the mid segment
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3 years ago
Two hundred sixty students were surveyed on whether they prefer apple juice or orange juice. A table of relative frequencies is
damaskus [11]
This is a hard question because usually boys prefer apple juice
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3 years ago
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A sequence of numbers begins with 12 and progresses geometrically. Each number is the previous number divided by 2.
Leviafan [203]
The common ratio is the current number divided by the previous. So the ratio is 1/2

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You can obtain any number multiplying the previous number times 1/2.

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3 = 6*(1/2)

3/2 = 3*(1/2)
3 0
3 years ago
Read 2 more answers
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