Diana is a personal trainer whose client Charles pays $80 per hour-long session. Charles values this service at $100 per hour, while the opportunity cost of Diana's time is $75 per hour. The government places a tax of $10 per hour on personal trainers. Before the tax, what is the total surplus?

a. $25
b. $20
c. $5
d. $0

a

Economics

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Transfer programs that do not tie benefits to contributions are called

a. social insurance programs b. income assistance programs c. health aid programs d. bonus programs e. compensation programs

Economics

Refer to the information provided in Table 6.1 below to answer the question(s) that follow. Table 6.1Number of Hamburgers per DayTotal UtilityMarginal Utility130?252?367?476?5?4Number ofSodas per DayTotal UtilityMarginal Utility120?235?347?457?5?7Refer to Table 6.1. The total utility of five sodas per day is

A. 35. B. 64. C. 92. D. indeterminate from this information.

Economics