How much producer surplus does michael enjoy

Reference no: EM131823322

Question: Michael is an economist. He loves being an economist so much that he would do it for a living even if he only earned $30,000 per year. Instead, he earns $80,000 per year. (Note: This is the average salary of new economists with a PhD degree.) How much producer surplus does Michael enjoy? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131823322

Questions Cloud

Variance for the amount of money : Is the variance for the amount of money, in dollars, that shoppers spend on Saturdays at the mall the same as the variance for the amount of money

Write a few sentences that outline what you think : Write a few sentences that outline what you think you learned from this exercise.

Probability of both a drought and water rationing occurring : What is the probability of both a drought and water rationing occurring?

Explain the brains role in decision making : MGT236 - Decision Making - What insights do visual illusions offer us regarding the workings of the brain and How can these insights be extended

How much producer surplus does michael enjoy : Michael is an economist. He loves being an economist so much that he would do it for a living even if he only earned $30,000 per year.

Probability of water rationing : Suppose that the probability of a drought in any independent year is 20%. Out of those years in which a drought occurs, the probability of water rationing.

Causes of increased childhood obesity in the united states : Offer two reasons why she should encourage this activity. Explain three of the causes of increased childhood obesity in the United States today

How many people do we expect to watch the news : We randomly survey 14 people. On average, how many people do we expect to watch the news at least once per week?

How much revenue did the government raise : If the sales tax was 5 percent on this product, how much revenue did the government raise when Bryan bought his arch supports?

User Account

All Pages