Suppose You're Willing to Tutor a Student for $10 an Hour

question 24

Multiple Choice

Suppose you're willing to tutor a student for $10 an hour. The student pays you $15 an hour. What is your producer surplus?

• A) $15 an hour
• B) $5 an hour
• C) $10 an hour
• D) $25 an hour
• E) More than $25 an hour

---

Definitions:

North Americans

Residents or citizens of countries located in North America, typically including the United States, Canada, and Mexico.

Clustered Development

A planning approach that concentrates buildings in specific areas on a site to preserve open space, natural resources, and reduce the footprint of development.

Solar Energy

The radiant energy emitted by the sun, which can be harnessed using technologies such as solar panels to produce electricity.

Urban Sprawl

The uncontrolled expansion of urban areas into surrounding rural areas, resulting in a spread-out or low-density residential development.