In 2017, it was estimated that the average amount spent on winter holiday gifts in the United States was $906. Based on the esti
1 answer:
Deadweight loss occurs when supply and demand are not in equilibrium.
Using the Waldfogel study, the deadweight loss is between $90.6 and $302
<h3>How to estimate the deadweight loss</h3>The average amount spent is given as:
Amount = $906
Using the Waldfogel study, the deadweight loss is between 1/10 and 1/3 of the amount spent.
So, we have:
Hence, the deadweight loss is between $90.6 and $302
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Answer:
1130.97336 units^3
Step-by-step explanation:
The volume of a cylinder can be found using:
We have the area of the base, but not the radius
We know the area is , so we can substitute that in for a
We want to find r, so we need to isolate it
Divide both sides by pi
36=r^2
Take the square root of both sides
6=r
Now we know the radius, and can substitute it into the volume formula, and we can substitute the height (10) in
Solve the exponent
v=1130.97336
The volume is 1130.97336 units^3