Avid walks Carolyn’s dog once a day for $50 per week. Carolyn values this service at $60 per week, while the opportunity cost of David’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. $25 b. $50 c. $60 d. $30

d. $30

Explanation:

Surplus available to Carolyn before tax

= $60-$50 = $10

Surplus available to Avid before tax

= $50-$30 = $20

Total surplus available before tax

= $20 + $10 =$30

This is due to no dog walking taking place.

answer; the above statement/question is ( true);

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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