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elena-s [515]
3 years ago
10

John has been working as a tutor for $300 a semester. When the university raises the price it pays tutors to $400, Jasmine enter

s the market and begins tutoring as well.How much does producer surplus rise as a result of this price increase?a. by less than $100b. between $100 and $200 c. between $200 and $300 d. by more than $300
Business
1 answer:
Elza [17]3 years ago
4 0

Answer:

b. between $100 and $200

Explanation:

Producer surplus: The producer surplus is a difference between the willing price declared by the producers and the price the producers receives for supplying the goods and services.

In mathematically,

Producer surplus = Willing price - Receiving price

                            = $400 - $300

                            = $100

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3 years ago
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Answer:

At Yield to maturity = 11%

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Explanation:

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