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

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