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Business

1 answer:

olasank [31]3 years ago

6 0

He will mow 2 lawns for a total revenue of $48, with a producer surplus of $8

He will not mow 3 lawns because his price for the 3rd is $28 which is higher than the market rate. Producer surplus is the difference between what they are willing to supply vs how much they actually earn, so there is a $4 difference per each of 2 lawns for a total of $8.

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