Ronnie operates a lawn-care service

Economics Dec 23, 2020

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.

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