How is giftedness related to achievement?

Consumer surplus is a measure of benefit to consumers resulting from paying less than the maximum price they are willing to pay.

Producer surplus is a measure of benefit to producers resulting from selling at a price higher than the minimum price at which they are willing to sell.

Referring to the supply-demand curve, these economic surpluses are represented by the area between either curve and the horizontal line fixed at the equilibrium price.

In this case, demand is zero when P = 40; this means there is a consumer surplus whenever P < 40. Similarly, supply is zero when P = 4; then there is a producer surplus whenever P > 4. In particular, any price below this point corresponds to a supply shortage. Realistically, producers would provide the good only if P > 4.

Set supply equal to demand and solve for P to find the equilibrium price:

40 - P = P - 4   ⇒   P = 22

At the minimum price P = 4, consumers demand 40 - 4 = 36 units and producers supply 4 - 4 = 0 units. At equilibrium price, consumers demand 40 - 22 = 18 units and producers supply 22 - 4 = 18 units. Then

CS = 1/2 (36 units - 18 units) ($22/unit - $4/unit) = $162

and

PS = 1/2 (18 units - 0 units) ($22/unit - $4/unit) = $162

As per the details given, both consumer surplus and producer surplus at the equilibrium price are 162.

To find the equilibrium price and quantity in the market, we need to set the quantity demanded equal to the quantity supplied and solve for the equilibrium price ([tex]\(P_{\text{eq}}\)[/tex]):

[tex]\[QD = QS\][/tex]

[tex]\[40 - P_{\text{eq}} = P_{\text{eq}} - 4\][/tex]

Solving for [tex]\(P_{\text{eq}}\)[/tex]:

[tex]\[2P_{\text{eq}} = 44\][/tex]

[tex]\[P_{\text{eq}} = 22\][/tex]

Now that we have the equilibrium price, we can calculate the equilibrium quantity ([tex]\(Q_{\text{eq}}\)[/tex]) by plugging [tex]\(P_{\text{eq}}\)[/tex] into either the demand or supply equation:

[tex]\[Q_{\text{eq}} = 40 - P_{\text{eq}}\][/tex]

[tex]\[Q_{\text{eq}} = 40 - 22 = 18\][/tex]

a. Consumer Surplus:

Consumer surplus represents the difference between what consumers are willing to pay for a good (as indicated by the demand curve) and what they actually pay at the equilibrium price.

Consumer Surplus ([tex]\((CS\)) = \(\frac{1}{2} \times (\text{Base}) \times (\text{Height})[/tex])

where [tex]\(\text{Base}\) = \(Q_{\text{eq}}\) and \(\text{Height}\)[/tex]

= Difference between demand curve and equilibrium price

[tex]\[CS = \frac{1}{2} \times Q_{\text{eq}} \times (\text{Difference between demand curve and equilibrium price})\][/tex]

[tex]\[CS = \frac{1}{2} \times 18 \times (40 - 22)\][/tex]

[tex]\[CS = 162\][/tex]

b. Producer Surplus:

Producer surplus represents the difference between the price at which producers are willing to sell a good (as indicated by the supply curve) and the price they actually receive at the equilibrium price.

[tex]Producer Surplus (\(PS\)) = \(\frac{1}{2} \times (\text{Base}) \times (\text{Height})\)[/tex]

[tex]\[PS = \frac{1}{2} \times Q_{\text{eq}} \times (\text{Difference between equilibrium price and supply curve})\][/tex]

[tex]\[PS = \frac{1}{2} \times 18 \times (22 - 4)\][/tex]

[tex]\[PS = 162\][/tex]

Thus, both consumer surplus and producer surplus at the equilibrium price are 162.

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Answer:

Martinez Ybor's plan worked. After a slow start, both his businesses and Ybor City as a whole flourished, with the area's cigar factories hand-rolling and shipping tens of millions of cigars annually by the late 1880s, the number increasing into the hundreds of millions by the turn of the 20th century.

Explanation:

Answer:

people dont take any action against it . they believe it as a cultural tradition

Answer:

The Sailboat

Explanation:

The Sailboat

Sailboats were invented in order to expand Sumerian trade. Wood and papyrus were used to make lightweight sailboats so that it was easy for them to move on water.

An accelarator is a change in investment spending caused by a change in overall spending.

What is investment spending?

Investment spending is the purchase of goods meant to produce capital which are assets like equipment and land.

It is to be noted that spending more on investments in anticipation of high returns will increase long term savings and decrease short term spending thus affecting the economy.

Hence, an accelarator is a change in investment spending caused by a change in overall spending.

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The connection between both is that the purpose comes out of the problem statement.

Problem statement simply means the statement that lays out the problem.

The purpose statement is to identify as explain the problem. It simply outlines what the research intends to study.

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Answer:

Executive Branch- Enforcing the law

Legislative Branch- Creation of laws

Judiciary Branch-Punishing offenders of the law

Explanation:

by birth in the U.S. through derivation. through naturalization.

Answer: A background in sociology gives business leaders and human resource managers an advantage when dealing with employees in the workplace

Explanation:

↪In the school, socialization takes place for the first time. That is, the child starts learning to live with others, share their sorrows and happiness; take the qualities of cooperation, tolerance, love, friendship and sympathy which is very necessary in a society; so the school represents a mini society.

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Answer:

c

Explanation:

Answer:

True

Explanation:

The Radical Republicans did in fact continue to fight for African American rights even after the war.

B, strong. Robust means strong and healthy; vigorous.

Answer:

Medieval European society grew out of the ruins of the Roman empire. From the 5th century onwards, barbarian invasions led to the disintegration of Roman power in the western provinces.

Explanation:

..........

Answer:

The devastated Japanese economy rose quickly from the ashes of world war II.by 1956, real per capita GDP had overtaken the prewar 1940 level

Answer:

6.What might cause someone in East Africa tobecome a refugee.

explaenation: thats the true answer

Answer:

Nepal has a long history of migration. The British in India recruited young Nepali men from the early 19th century.

Answer:

Forests are recognized as an integral part of national economies, providing a wide range of production inputs, environmental goods, food, fuel, medicines, household equipment, building material and raw materials for industrial processing. Forests support agriculture by providing materials for farm implements, harvesting and transportation equipment, crop storage containers and dryers as well as fuel for crop processing. However, these multiple benefits and services are valued differently by different people. Moreover, local, national and international interests also differ. For a number of reasons, the roles that forests are expected to play in local, national and global development change dramatically over time.

Answer:

Most of the Cherokee, including Chief John Ross, were outraged and unwilling to move, and they reacted with opposition. They did not believe the government would take any action against them if they elected to stay.

Explanation:

Hope this helps :D

Answer:

here is an idea go door to door asking people if they need any help with any thing for 15$

Explanation:

Answer:

goverment does

Explanation:

Answer:

This position was consul

Explanation:

i found this on wikipedia shout out to them ig

Answer:

Greenwich Mean Time is very important, as it is the time zone that all other time zones are based around. The prime meridian is a geographical reference line that passes through the Royal Observatory, Greenwich, in London, England.

In Fiscal Year 2021, federal spending was equal to 30% of the total gross domestic product (GDP), or economic activity, of the United States that year ($22.39 trillion).

Answer:

All of the above.

Explanation:When you are pretty and or rich you have an higher advatage and most perfer pretty partners and or even friends.

Answer:

The right to be reasonably protected from the accused.Explanation: