How many personal trainer hours are bought, the value of an hour, and the total surplus from
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How many personal trainer hours are bought, the value of an hour, and the total surplus from the hours bought? The table shows the demand schedule for personal trainer services and the supply schedule of personal trainer services.
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Price (dollars per hour) 0 20 40 60 80 100 Quantity demanded Quantity supplied (hours per day) 100 80 60 40 20 0 0 0 20 40 60 80
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The equilibrium quantity of personal training hours is 40 per day ...View the full answer
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