1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gekata [30.6K]
2 years ago
6

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
यासकी-चान को अपने बेड़ पर चढ़ाने के लिए तोत्तो-चान ने अथक प्रयास
Fittoniya [83]

उत्तर

यासाकी चान

दृढ़निश्चयी था और एक मेहनती कार्यकर्ता था।

4 0
3 years ago
Residents of the town of Smithfield like to consume hams, but each ham requires 10 people to produce it and takes a month. If th
Hunter-Best [27]

Answer:

10 hams

Explanation:

It is given that 10 people can produce 1 ham in a month. It is assumed that whatever is produced is consumed. So, 100 people will produce 10 hams that is 100 ÷ 10 = 10 in a month. So, 100 people can consume 10 hams, that are produced in a month.

So, residents can consume maximum 10 hams (same amount as produced) in a month.

4 0
3 years ago
Perfect Pet Collar Company makes custom leather pet collars. The company expects each collar to require 2.05 feet of leather and
Katarina [22]

Answer:

1. $3.20 x 2.20 = $7.04

2. It will be favorable.

3. It will be unfavorable.

4. Direct material price variance = $22

   Direct material quantity variance = 0.48

Explanation:

1. Standard direct cost per unit=cost of direct materials price x direct material standard quantity per unit.

2. It will be favorable because they expected or had budgeted to pay $3.60 per foot for the material but the actual cost became $3.20. So they  pay $0.40 less than they had expected to pay.

3. It will be unfavorable because they had planed or budgeted for each unit to use 2.05 feet of leather but they ended up needing 2.20 feet of leather per collar so that means they under budgeted by 0.15 feet.

4. Direct material price variance =( $3.60 x 55) less ($3.20x55)=$22

The total amount that was budgeted or expected to be paid is subtracted from the total actual  price that was paid.

Direct material quantity variance = (2.05x$3.20) less (2.20x$3.20)= -0.48

The total direct material quantity that is used is subtracted from the quantity that was expected to be used.

5 0
3 years ago
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,150 C
QveST [7]

Answer:

The quick ratio can be worked out as below;

Explanation:

Quick ratio=Current Assets excluding inventory stocks/Current liabilities

Current Assets=210+800

Current liabilities=$1,260

Quick Ratio =($210+4800)/$1,260

Quick Ratio=1.25

3 0
3 years ago
"A customer directs his broker to "Sell 100 shares of ABCD stock and use the proceeds to buy 100 shares of XPDQ stock." This is
lina2011 [118]

Answer: Proceeds transaction

Explanation:

In a proceeds transaction, the broker is involved in two related transactions which are the selling of one stock and the buying of another.

Proceed transactions involve a customer asking their broker to sell their stock and then use the proceeds gained from that sale to buy another stock which is what the customer did when he directed his broker to sell ABCD stock and use the proceeds to buy XPDQ stock.

7 0
3 years ago
Other questions:
  • Ms. Benoit is a self-employed architect who earns $300,000 annual taxable income. For the past several years, her tax rate on th
    8·1 answer
  • What are supply chain
    11·1 answer
  • Julio purchased a stock one year ago for $27. The stock is now worth $32, and the total return to Julio for owning the stock was
    5·1 answer
  • Costs of assets acquired in one period that will be recorded as expense in a future period are referred to as ______ and are ini
    13·1 answer
  • On january 1, 2017, fishbone corporation sold a building that cost $250,000 and that had accumulated depreciation of $100,000 on
    5·2 answers
  • The presence of _____________________ in transactions involving goods can easily cause a ______________________ if the result is
    14·1 answer
  • Which of the following is an ethical system that focuses solely on the inherent nature of the act being judged?
    11·1 answer
  • What is the expected constant-growth rate of dividends for a stock currently priced at $50, that just paid a dividend of $4, and
    7·1 answer
  • Air transport is not dense in​
    15·2 answers
  • How to come up with a good idea that you are going to start a business?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!