<span>The extra $2 that she made beyond the $5 she was willing to sell her T-shirts for represents producer surplus. Producer surplus is defined as the difference between the amount of money the producer is willing to supply versus the amount actually supplied. Because she was willing to sell for $5 but sold for $7 and had an increase in money supplied, this example is one of producer surplus. </span>
True, because its better for to know ahead than to sc**w your self over in the long run
Answer:
487.87 lots
Explanation:
Step 1
As we know that:
392 lots = 43,560 square feet per acre
Step 2
So total lots for 120 acres would be:
392 lots * 120 = 43560 square feet per acre * 120
47040 lots = 5,227,200 square feet per acre
Step 3
The land available is 70% of total square feet:
Land available = 5,227,200 * 70% = 3,659,040 square feet per acre
Step 4
Converting these square feet into adjusted square feet per lot according to our required square feet per lot measure
Because we want to keep 7500 sq feet in a single lot (7500 sq ft/ lot)
Adjusted square feet per lot according to our requirements= 3,659,040 square feet per acre / 7,500 = 487.87 lots
It’s A because direct labor costs
