Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for $12, a second lawn for
Posted: Sun Jun 05, 2022 4:55 pm
Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for $12, a second lawn for $17, and a third lwn for $25 Also suppose that three neighbors are interested in having their lawns mowed. Mrs. Jones would be willing to pay $30 to have her lawn mowed, Mr. Wilson would be willing to pay $27, and Ms. Smith would be willing to pay $25. If Tim offers to mow lawns for $25 each, what will be his producer surplus? s (Entor a numeric response using an integer) Considering Mrs Jones, Mr Wilson, and Ms. Smith together, what will be their consumer surplus? $