Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for
β$14β,
a second lawn for
β$17β,
and a third lawn for
β$25.
Also suppose that three neighbors are interested in having their lawns mowed. Mrs. Jones would be willing to pay
β$34
to have her lawnβ mowed, Mr. Wilson would be willing to pay
β$30
and Ms. Smith would be willing to pay
β$25.
If tim offer to mow lawns for $25 each what would be his producer
surplus