The producer surplus from selling the additional unit of the product given the selling price and the cost of production is $9.
<h3>What is producer surplus?</h3>
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product. The least price the producer should be willing to collect is equal to the cost of production
Producer surplus = price – cost of proeuction
$10 - $1 = $9
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Answer:
The performance problem to minor burns will be mainly psychological.
Explanation:
The staff involved will most likely exhibit a reduction in speed at which he or she executed the task which led to the burn.
If the personnel is in a chain of production where their own activity feeds others, it may translate to the increase in the time taken to achieve results.
One solution to this is to critically examine the production process and eliminate the cause of the accident if any.
If the cause of the incident was as a result of carelessness on the part of the staff, then he or she might have to be rescheduled to another department or unit where their current mindset will not stall the overall performance of the team/production line.
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In order to find out the percentage of increase, first you need to find out the difference between initial units and the ending units, in this case:
150 - 100 = 50 units
After that, you need to do this calculation:
50 units/ 100 units x 100%
= 0.5 x 100 %
= 50% increases
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Answer:
the buisness owner must comply to the department of labor regulations
Explanation:
