[Related to the Apply the Concept on page 112] The Apply the Concept states that the value of the area representing consumer surplus from Uber’s service was $2.88 billion per year for the four cities...



[Related to the Apply the Concept on page 112] The


Apply the Concept states that the value of the area representing consumer surplus from Uber’s service was $2.88 billion per year for the four cities involved in the study. Use


the information from the graph in the Apply the Concept


to show how this value was calculated. (For a review of


how to calculate the area of a triangle, see the appendix to


Chapter 1.)



May 26, 2022
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