Tonya has been working as a tutor for $300 a semester. The college raised the wage it pays tutors to $400 which makes Tonya more happy. How has Tonya's producer surplus changed? a. Producer surplus increased by $400. b. Producer surplus did not change. c. Producer surplus increased by $100. d. No change in Producer Surplus because this is a Consumer Surplus problem.

Tonya has been working as a tutor for $300 a semester. The college raised the wage it pays tutors to $400 which makes Tonya more happy. How has Tonya's producer surplus changed? a. Producer surplus increased by $400. b. Producer surplus did not change. c. Producer surplus increased by $100. d. No change in Producer Surplus because this is a Consumer Surplus problem.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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