Business

Question

Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for ​$14​, a second lawn for ​$18 and a third lawn for ​$24. Also suppose that three neighbors are interested in having their lawns mowed. Mrs. Jones would be willing to pay ​$3333 to have her lawn​ mowed, Mr. Wilson would be willing to pay ​$29​, and Ms. Smith would be willing to pay ​$24.

Considering Mrs.​ Jones, Mr.​ Wilson, and Ms. Smith​ together, what will be their consumer​ surplus?

1 Answer

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