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Buoyancy: A circular cylinder of height 1.20 m having faces of diameter 0.620 m is immersed in water of density 1.00 × 103 kg/m3 with its axis vertical so that its faces are parallel to the surface of the water. The upper face is 2.50 m below the surface of the water. The net force on this cylinder is observed to be 1120 N downward. Atmospheric pressure is 1.01 × 105 Pa. What net force does the water exert on the lower face of the cylinder?
Consumer Surplus
The distinction in the total financial outlay consumers are prepared to make for a good or service and the outlay made.
Demand Curve
A graphical representation showing the relationship between the price of a good or service and the quantity demanded, typically sloping downward from left to right.
Willingness To Pay
The maximum amount an individual is prepared to spend to procure a good or service or to avoid something undesirable.
Consumer Surplus
The split between the total amount consumers are prepared to spend on a good or service and the actual amount they spend.
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