Tom Walks Bethany's Dog Once a Day for $50 Per

question 234

Multiple Choice

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.After the tax,what is the loss in total surplus?

• A)$50
• B)$30
• C)$25
• D)$0

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Definitions:

Temperamental Shyness

An innate personality trait characterized by feelings of nervousness or timidity in new situations or when interacting with new people.

Personality Traits

Characteristics that predict consistent patterns of behavior, thought, and emotional responses in individuals.

Express Thoughts

The act of conveying one's ideas, feelings, or mental images through speech, writing, or another form of communication.

Temperamental Characteristics

These are fundamental aspects of an individual's personality, such as moodiness or adaptability, that are believed to be innate and often observable in early childhood.