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3 years ago

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

Business

1 answer:

olga_2 [115]3 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

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Answer:

A hyper-social knowledge management.

Explanation:

Hyper-social knowledge platforms apply the concepts of social media to information databases. So employees could comment, share, and add to post with important information that they know to help out employees who don't know as much about that subject.

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3 years ago

You are planning to save for retirement over the next 25 years. To do this, you will invest $760 a month in a stock account and

Kisachek [45]

Answer:

The amount that you can withdraw each month from your account assuming a 20-year withdrawal period is:

= $8,860.36.

Explanation:

a) The future value of $760 invested monthly at 9.6% per annum for 25 years is:

= $949,787.51

b) The future value of $360 invested monthly at 5.6% per annum for 25 years is:

= $235,764.89

c) Total future value of savings = $1,185,552.40 ($949,787.51 + $235,764.89)

d) The amount that can be withdrawn monthly = $8,860.36

See calculations below:

N (# of periods) 300

I/Y (Interest per year) 9.6

PV (Present Value) 0

PMT (Periodic Payment) 760

Results

FV = $949,787.51

Sum of all periodic payments $228,000.00

Total Interest $721,787.51

N (# of periods) 300

I/Y (Interest per year) 5.6

PV (Present Value) 0

PMT (Periodic Payment) 360

Results

FV = $235,764.89

Sum of all periodic payments $108,000.00

Total Interest $127,764.89

N (# of periods) 240

I/Y (Interest per year) 6.6

PV (Present Value) 1185552.40

FV (Future Value) 0

Results

PMT = $8,860.36

Sum of all periodic payments $2,126,487.18

Total Interest $940,934.78

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3 years ago

Shalina uses the expression 3x to determine the cost of x notebooks. What is the cost of 24 notebooks? $8 $27 $62 $72.

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An estimated amount of money or payment required to pay by the purchaser to the owner or manufacturer is called cost. It is a defined amount of price set by the seller for its product.

$ 72 is the cost for the notebooks.

<h3>How to determine the cost?</h3>

Given,

Cost of x notebooks = 3x
Number of notebooks (x) = 24

Cost of 24 notebooks = 3 (24)

Cost = 72

Therefore, option d. $72 is the cost of the notebook.

Learn more about cost price here:

brainly.com/question/962043

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3 years ago

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True or false: The expected level (value) of the forecasted quantity is the most important aspect of the forecast.

Mekhanik [1.2K]

It is <u>FALSE</u> that the expected level (value) of the forecasted quantity is the most important aspect of the forecast.

<h3>What is a forecast?</h3>

A forecast is an estimate of future trends using predictions of past and present data. A forecast assumes future repeatable patterns. However, a good forecast is:

Cost-effective
Accurate
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Thus, since the actual values will always differ from forecasted values, the most important aspect of the forecast is not the expected value.

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3 years ago

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Answer:

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