All categories

2 years ago

If the price of tutoring increases from $5 to $15, producer surplus increases, in numerals, by $_____.

Business

1 answer:

olga_2 [115]2 years ago

7 0

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

You might be interested in

PLEASE HELP ME ILL MAKE YOU BRAINLIEST

Solnce55 [7]

A formal code of ethics

3 0

3 years ago

Rose works in the human resources department of Spartan, makers of athletic clothing, shoes, and accessories. Celebrity athletes

Daniel [21]

Answer: the story of a veteran that was a cashier and competed in the annual spartan games.

Explanation:

In most businesses stories pass a lot of information that makes the consumers have an interest in products. It's believed most times that behind every product there is a story and this story most times are channeled in ways to communicate into sales. Rose on training the new employees will give them informative talk that includes a story about the company on a wounded war veteran who got employed as a cashier at a local spartan store and despite his condition of using prosthetic arm, participated in the annual spartan games.

4 0

3 years ago

a sophisticated blank test might involve manipulating an advertising variable like schedule or copy through cable systems, and o

erma4kov [3.2K]

A sophisticated sales test might involve manipulating an advertising variable like schedule or copy through cable systems, and observing the affects on purchasing at local supermarkets.

What is advertising variable?

Although advertising expenditures can change greatly, they are not regarded as variable costs.
Instead, marketing costs are fixed, meaning they don't change based on how many goods or services you offer to customers.

Why is marketing considered a variable cost?

Businesses may set aside a specific amount for advertising within their fixed marketing budget, despite having a fixed budget for marketing.
Advertising is therefore a current expense rather than a fixed one. Therefore, whether it be print or online, businesses must spend money on advertising.

Learn more about advertising a variable cost

brainly.com/question/24134182

#SPJ4

3 0

1 year ago

Jackson Company produces plastic that is used for injection-molding applications such as gears for small motors. In 2019, the fi

jeka94

Answer:

income statements for each year using variable costing

2019 2020

Sales $8,832,000 $11,040,000

Less Cost of Sales :

Opening Stock $0 $353,280

Add Manufacturing Cost $1,766,400 $1,413,120

Less Closing Stock ($353,280) $0

Cost of Sales ($1,413,120) ($1,766,400)

Contribution $7,418,880 $9,273,600

Less Expenses

Fixed manufacturing costs ($3,312,000) ($3,312,000)

Selling Expenses :

Variable ($706,560) ($883,200)

Fixed Administrative Expenses ($470,000) ($470,000)

Net Income / (Loss) $2,921,120 $4,608,400

Explanation:

Reconciliation of Units

2019 2020

Opening Stock 0 920

Add Production 4,600 3,680

Available for Sale 4,600 4,600

Less Sales (3,680) (4,600)

Closing Stock 920 0

Product Cost

Consider only variable manufacturing costs

Product Cost = $2,400 × 16%

= $384

7 0

3 years ago

30points

koban [17]

Answer: C

Explanation:

8 0

3 years ago