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steposvetlana [31]
2 years ago
3

Assume that there are four consumers A, B, C, and D, and the prices that each of them is willing to pay for a glass of lemonade

is, respectively, $1.50, $1.20, $1.00, and $0.90. If the actual price of lemonade is $1.00 per glass, then consumer surplus in this market will be $0.70.
Mathematics
1 answer:
Grace [21]2 years ago
3 0

Answer:

The consumer surplus in this market will be $0.70. This is false.

Step-by-step explanation:

There are four consumers A, B, C, and D.

The consumers are willing to pay for a glass of lemonade as $1.50, $1.20, $1.00, and $0.90 respectively.

The actual price of lemonade is $1.00 per glass. So, the consumer surplus in this market will be +0.50+0.20+0-0.10 = $0.60

Hence, the given condition is False.

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1 (only if e is not equal to 0)

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6 0
2 years ago
Learning Task 4. Multiply each of the following. Use cancellation method
astra-53 [7]

Answer:

1) 2/7

2) 8/11

3) 3/2 or 1 1/2

4) 32/35

Step-by-step explanation:

1.5/7•14/35

= 5/7 × 14/35

Using Cancellation method

= 1/1 × 2/7

= 2/7

2.[4/5][10/11]

= 4/5 × 10/11

Using Cancellation method

= 4/1 × 2/11

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= 3/2 × 1/1

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4 0
2 years ago
2.) Bob has two weekend jobs. Last weekend he made a total of $77 after
aalyn [17]

Answer:

Step-by-step explanation:

x= money earned per hour working as a cashier.

y=money earned per hour working delivering newspapers.

We propose the following system of equations:

5x + 4y =77

6x + 3y=78

We solve the system by reduction method:

-6*(5x+4y=77) ⇒  -30x-24y=-462

5*(6x+3y=78)⇒     30x+15y=390

                             ---------------------------

                                     -9y=-72  ⇒   y=-72 /-9=8

Now, we get the value of "x" replacing the value of "y" by "8" in any part of the equation above.

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therefore;  

money earned per hour working as a cashier= $9/ hour

money earned per hour working delivering newspapers=$8/hour

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