Ronnie operates a lawn care service. on each day, the cost ofmowing the first la

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 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 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

Explanation / Answer

We have: $10, $12, $15 Producer Surplus= Price paid by consumers- productioncost $53=Price- ($10+$12+$15) $53=Price - $37 Price=$90 for all so $90/3=$30 per customer so ANSWER: B

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