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Vika [28.1K]
3 years ago
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 ​$24. Also suppose that three neighbors are interested in having their lawns mowed. Mrs. Jones would be willing to pay ​$33 to have her lawn​ mowed, Mr. Wilson would be willing to pay ​$26​, and Ms. Smith would be willing to pay ​$24.
If Tim offers to mow lawns for ​$24 ​each, what will be his producer​ surplus?

Considering Mrs.​ Jones, Mr.​ Wilson, and Ms. Smith​ together, what will be their consumer​ surplus?
Business
1 answer:
Crazy boy [7]3 years ago
3 0
<span>14 + 17 + 24 = 55 24 + 24 + 24 = 72 Producer Surplus = $17 Tim makes $17 more than he is initially willing to charge, thus a surplus of 17. 33 + 26 + 24 = 83 24 + 24 + 24 = 72 Consumer Surplus = $11 The customers pay $11 less than they are initially willing to pay, thus a surplus of 11. Everybody wins, yay capitalism</span>
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Governor of central bank of Nigeria​
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Answer:

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How do people become successful as a real estate developer?​
Roman55 [17]

Hello there!

A real estate developer job is to get houses to sell them, get land to build houses and sell them, and get previous owned houses and sell them. They pretty much get property and sell it. As a real estate developer, the main goal that someone should have is to <u>make more money than they paid for the property</u>. This means that they would need to be making profit in order to really see a progress in income.

Let's give you an example when a real estate developer buys a house:

Johan, a real estate developer, bought a house $275,000. He then goes on a website and advertises the house for $285,000.

What Johan is trying to do here is make profit form the house he just purchased, since the extra money he will be getting if the house is sold will be a surplus to the original amount.

Let's give you an example when a real estate developer buys land:

Susan buys 1 acre of land for $1.2 million, she then has a construction crew build a house, and that costed her $750,000.

At the end of the day, Susan spent $1.95 million (1,950,000) on the house in total.

She then sells the house on a website for $2.5 million (2,500,000).

This means that Susan made a surplus of $550,000 from the price she originally payed for.

It's best when a real estate developer sells property for more than what they payed for, so they would be making profit (extra money). It's bad when a real estate developer tries to sell a house for lower than they originally payed for, then they would be losing money. That's why when there is a specific price for a house, a real estate developer usually doesn't want to drop the price of the house any cheaper; they want to stick with their price so they could make money.

A real estate developer could also start their own company, and make more profit if they stick to the trick of selling the property for more than what they paid for. If they stick to the trick, then they would be making even more money since they would have multiple people in a company doing it all at once, in different places too.

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3 years ago
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padilas [110]

In citing the source in MLA format, Fatima should place the title as the first to be read or written, followed by the author and citation in the end. So it should be, “Benefits of Laptops” by Michael Gray. Technology Now, August 2, 2013. Web. March 16, 2014.

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4 years ago
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What is the best way to help students use materials successfully in learning centers?
astraxan [27]

The best way to help students demonstrate ways to use materials is when introducing them.

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The group with purpose: Centers give students the option to work independently, in groups of their choosing based on interests, or in mixed- or leveled-ability groups. All grouping choices must be deliberate and based on the character and goal of each activity.

Give students meaningful tasks: Centers activities in all subject areas should be engaging, difficult, and, whenever possible, give students a chance to practice skills in real-world contexts. This means that activities should assist students in making connections between their classroom learning and real-world situations or in forming practical habits of mind.

To know more about learning centers, visit:

#SPJ4

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