tom walks bethanys dog once a day for 50 per week bethany values this service at 60 per week whi

Name: tom walks bethanys dog once a day for 50 per week bethany values this service at 60 per week while the opportunity cost of toms time is 30 per week the government places a tax of 35 per week 00207
Uploaded: 2022-04-27T05:38:58-08:00
Duration: 3 min 2 s
Channel: Jonathan Tapiwa
Description: tom walks bethanys dog once a day for 50 per week bethany values this service at 60 per week while the opportunity cost of toms time is 30 per week the government places a tax of 35 per week 00207

Question

Jonathan Tapiwa · Accepted Answer

Step 1: Calculate the total surplus before the tax.

Question

Tom walks Bethany's dog once a day for $50 per week. Bethany values this service at $60 per week, while the opportunity cost of Tom's time is $30 per week. The government places a tax of $35 per week on dog walkers. Before the tax, what is the total surplus? a. $30 b. $25 c. $60 d. $50

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