Ronnie operates a lawn-care service. On each day, the cost of mowing 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 producer surplus on the first three lawns of the day is $53. If Ronnie charges all customers the same price for lawn mowing, that price is
a. $25.
b. $30.
c. $36.
d. $45.
Answer: B
Microeconomics
- An increase in the price level may be caused
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