What will be their consumer surplus

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Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for $13 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 $30 to have her lawn mowed, Mr. Wilson would be willing to pay $27 and Ms. Smith would be willing to pay $24.

If Tim offers to mow lawns for $24 each, what will be his producer surplus?

(Enter a numeric response using an integer.)

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

Reference no: EM131387125

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