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.
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The component of an environmental scan which pertains to the income, expenditures, and resources affecting the cost of running a business or household is called economy.
An environmental scan refers to an industry analysis where one discusses external environmental factors that have, or could have, an impact on a business operations. This scan is done to identify and interpret potential trends occurring outside the organization.
An economy is a area of production and consumption activities that determines how resources are allocated among all of its participants. An economy is usually region-based, for instance, a country or a town. Thus, it is the component of an environmental scan.
Hence, a country's economy is the wealth that it gets from business and industry.
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Answer:
B. be lower
Explanation:
the present value of the future amount will be lower
<span>The answer is an internal workforce
composition, since it is being made by workers who already work at the company.
Being internal rules out the two external choices. The request is the result of
the composition of the company workforce, not any strategy, which disregards an
internal strategy and makes an internal workforce the right response.</span>
