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babymother [125]
3 years ago
7

Economics is the social science that tries to explain

Business
1 answer:
Norma-Jean [14]3 years ago
8 0
C I am pretty sure goodluck
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If the price of tutoring increases from $5 to $15, producer surplus increases, in numerals, by $_____.
olga_2 [115]

With the price increase in tutoring from $5 to $15, producer surplus increases by <u>$10</u>.

<h3>What is producer surplus?</h3>

Producer surplus is the additional benefit that the tutors receive.  It can be computed by determining the difference between old tutoring price, $5, and the new market price of $15. The implication is that while tutors are willing to accept $5, the new marketing price has made it possible for them to increase their surplus by $10 ($15 - $5).

Thus, the producer surplus increases by $10 to show the increased benefit that suppliers receive for selling their services in the marketplace.

Learn more about producer surplus at brainly.com/question/7622454

7 0
2 years ago
Can you list three things you can do to improve job satisfacation in the work place?
AURORKA [14]

Answer:

When working with tight budgets, what can you do to boost job satisfaction at your company? These 3 simple but effective tips will help ensure your employees feel fulfilled and appreciated within their role.

Engage your employees

Having people turn up to work and do a day's graft before going home isn't all you want from your employees. Getting staff that are engaged with your company is much more preferable and to achieve this you need to communicate with them. This doesn't mean just speaking to them but creating an atmosphere where their insights are valued and they feel free to talk about things they are concerned about.

This will not only boost their job satisfaction because they feel more understood but will also help you identify areas where improvements could be made. Many professionals benefit from a higher level of autonomy as it shows that you have a certain amount of trust in them, while also encouraging initiative and self-discipline.

Line managers can be a fantastic resource to encourage these communication channels and identify areas where staff seem unsatisfied or want to develop. However, it's important for everyone - from the top down - to be supportive of employee engagement and embody this in their working day.

Provide a positive work environment

Employees spend a lot of time at work so do everything you can to make this a positive atmosphere to be in. However, it's key that you don't just assume what good working conditions are and instead actually ask the people working for you.

Everything from childcare support to social events can help people feel happier about being in the office but it should be designed around the needs and wants of your employees. Otherwise you risk spending money on something that isn't really valued by your staff, wasting money and potentially causing discontent among your workforce.

It's also important to consider matters such as dress code and office layout as well as benefit schemes. These can make a huge difference on how comfortable people feel during their time in the office.

Evaluate, analyze and improve

Like any other business goal, you should make sure measurement plans are in place to see what progress you are making. There's a number of ways you can track employee satisfaction and a variety of online resources to help you. However, a simple anonymous survey can be just as effective, especially for small companies where evaluating the responses won't be too laborious.

This should allow you to identify areas that have had the biggest impact and where you may need to make further improvements.

7 0
3 years ago
What are the phases in a business cycle?
Deffense [45]
Expansion, peak, contraction, and trough. An expansion is characterized by increasing employment, economic growth, and upward pressure on prices.
5 0
3 years ago
Read 2 more answers
How to writ introduction to a business plan
Sergeu [11.5K]

Answer:

The plan which is prepared by manager or owner for their business to attain the certain objectiveis known as business plan

4 0
3 years ago
What is a residual explain when a residual is positive negative and zero?
Sveta_85 [38]
We can define residual as <span>the difference between the observed value and its associated predicted value.
we can calculate the residual value as;
</span>residual value = observed value - predicted value
When the residual value is negative it means that the observed value is less than the predicted value and when the residual value is positive it means that the observed value is greater than the predicted value. When the <span>correlation between two variables is equal to one, the value of the residuals is equal to zero and that is the ideal residual value.</span>


3 0
3 years ago
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