Business

3 August, 21:10

Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for

$14 ,

a second lawn for

$17 ,

and a third lawn for

$25.

Also suppose that three neighbors are interested in having their lawns mowed. Mrs. Jones would be willing to pay

$34

to have her lawn mowed, Mr. Wilson would be willing to pay

$30

and Ms. Smith would be willing to pay

$25.

If tim offer to mow lawns for $25 each what would be his producer

surplus

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for $14 , a second lawn for $17 , and a third ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Which of the following is an example of a fixed expense.

Suppose the consumer price index for one year was 120 and for the next year it was 132. what is the corresponding inflation rate?

The least effective method for comparing financial statement information between companies is: a. to perform ratio analysis. b. to perform horizontal analysis. c. to study the statement of cash flows. d.

On May 3, 2020, Concord Company consigned 80 freezers, costing $540 each, to Remmers Company. The cost of shipping the freezers amounted to $820 and was paid by Concord Company.

The minimum salary for a running back is 1.35 million for pre year. One of the whalers running backs was hurt during the last game. The injured players makes $ 2.7 million per year.

New Questions in Business

Workers who receive benefits are often less motivated. True or false.

Examples of transaction costs include (check all that apply) : A. the cost of the externality. B. the cost of monitoring an agreement. C. the cost of drafting a contract or agreement. D.

Josh, Inc. is faced with the choice of either producing a newly designed product, XX-30, to stock in anticipation of demand or to customer order. The demand for the product is expected to be 5,000 units per week.

Gwen is a psychologist who maintains an office in a professional suite. She often spends time doing paperwork and scheduling in her home officeWhich of the following is true?

A certificate of deposit will often result in a penalty for withdrawing funds before the maturity date. If the penalty involves two months of interest, what would be the amount for early withdrawal on a $20,000, 4 percent CD?