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MissTica
3 years ago
10

Tom walks bethany's dog once a day for $50 per week. bethany values this service at $60 per week, while the opportunity cost of

tom's time is $30 per week. the government places a tax of $35 per week on dog walkers. before the tax, what is the total surplus?
a. $30

b. $25

c. $60

d. $50
Business
1 answer:
s344n2d4d5 [400]3 years ago
5 0

The total surplus is A. $30.

The surplus is the amount of money that is let over after all requirements have been met/paid. This can also be an excess amount of production that is over the amount of money demanded. The opportunity cost is $30, which is what Tom values his time being worth that he is not getting due to dog walking.

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