Ronnie operates a lawn-care service. on each day, the cost of mowing the first lawn is $15, the cost of mowing the second lawn is $25, and the cost of mowing the third lawn is $40. his producer surplus on the first three lawns of the day is $100. if ronnie charges all customers the same price for lawn mowing, that price is

$45.67

Explanation:

Given:

the cost of mowing the first lawn = $15

the cost of mowing the second lawn = $25

the cost of mowing the third lawn = $40

Producer surplus on the first three lawns of the day = $100

Now,

Producer Surplus = Price paid by consumers - production cost

or

$100 = Price - ( $10 + $12 + $15 )

or

Price = $100 + $37

or

Price = $137

Therefore,

The price for each customer =

or

The price for each customer = $45.67

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

answerplace value;