Question
Fred hired Drei to teach him economics for 4 hours at a rate of $200 per hour. If Drei earned a producer surplus of $300,
Fred hired Drei to teach him economics for 4 hours at a rate of $200 per hour. If Drei earned a producer surplus of $300, what is her cost per hour in tutoring Fred?
Choices: $125, $50, $100, $25, or $200
Show solutions how you got the answer please.
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Microeconomics
Authors: Paul Krugman, Robin Wells
5th edition
1319098780, 1319098789, 978-1319098780
