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.

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 = $0.60

Hence, the given condition is False.

geometry: triangles

solvers

lessons

answers archive

call the larger triangle abc

then the smaller triangle cde is similar to abc (all angles are equal, aaa).  

ab is the side that is 36, and we wish to find de, the side corresponding to ab

area_cde = area_abc - area_cde --> area_abc / area_cde = 2

let x=length of de

ratio of areas = (ratio of sides)^2

+2+=+%2836%2fx%29%5e2+

+2+=+1296%2fx%5e2+

++x%5e2+=+1296%2f2+=+648+

25.45584