Ask Question
1 April, 16:55

Ronnie operates a lawn care service. on each day, the cost ofmowing the first lawn is $10: the cost of mowing the second lawn is$12: and the cost of mowing the third lawn is $15. His producersurplus on the first three lawns of the day is $53. if Ronniecharges all customers the same price for lawn mowing, that priceis.

a. $25

b. $30

c. $36

d. $45

+5
Answers (1)
  1. 1 April, 19:27
    0
    b. $30

    Explanation:

    producer surplus = price producer able to sell - price producer would be willing to sell

    ⇔ price producer able to sell = producer surplus + price producer would be willing to sell = 53 + (10+12+15) = $90 for 3 lawn

    if Ronnie charges all customers the same price for lawn mowing, that price is $30 ( = $90/3)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Ronnie operates a lawn care service. on each day, the cost ofmowing the first lawn is $10: the cost of mowing the second lawn is$12: and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers