The Maxwell School

Syracuse University

Syracuse University

The area of a right triangle is given by the formula:

area = base*height/2

For example, a triangle with base=5 and height=8 would have an area of 5*8/2 = 20. As another example, a $0.50 tax that reduces the quantity of a good demanded by 100 units (from 225 to 125 in the diagram below) would have a deadweight loss triangle with area 100*0.50/2 = $25.

- Area of a trapezoid

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URL: https://wilcoxen.maxwell.insightworks.com/pages/241.html

Peter J Wilcoxen, The Maxwell School, Syracuse University

Revised 08/17/2016

URL: https://wilcoxen.maxwell.insightworks.com/pages/241.html

Peter J Wilcoxen, The Maxwell School, Syracuse University

Revised 08/17/2016