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

Answers

Answer 1
Answer:

Answer:

$60

Explanation:

The computation of price is shown below:-

Producer Surplus = Price paid by consumers - Production cost

$100 = Price - ($15 + $25 + $40)

$100 = Price - $80

Price for all = $100 + $80

= $180

Price Per consumer = Price for all ÷ First three lawns

= $180 ÷ 3

= $60

Therefore, for computing the price per consumer we simply divide first three lawn by price for all.


Related Questions

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Mallory gets paid a set amount of money based on the time she puts in at her place of work. This amount of money is not tied to the quality of the raw materials, accidents, or other constraints in the production process. This payment system refers to
What is a job outpost?
rental apartments and private homes are examples of what? complementary goods, alternativebgoods, neutral goods, simultaneous goods
Most House business is conducted within the Committee of the Whole because this arrangementa. doesn't require a quorum. b. ensures cloture. c. guarantees a quorum. d. prevents filibusters.

Why are companies required to perform payroll withholding?

Answers

Companies required to perform payroll withholding for them to be able to make sure that their employees pay correct taxes. This is also to avoid later issues that may occur against them if BIR will know that they have employees who were not paying taxes.

Answer:

Hagrid is correct

Companies required to perform payroll withholding for them to be able to make sure that their employees pay correct taxes. This is also to avoid later issues that may occur against them if BIR will know that they have employees who were not paying taxes.

Explanation:

have a nice day

If productive efficiency characterizes a market A. the output is being produced at the lowest possible cost.
B. firms use the best technology available to produce the good.
C. firms produce the goods that consumers desire most.
D. the marginal cost of production is minimized.

Answers

Answer:

A. the output is being produced at the lowest possible cost.

Explanation:

Productive efficiency is a situation where the economy or economic system can not produce any more goods without sacrificing the production of other goods. Consumers benefit from these cost-efficient methods of production. Also, essentially, productive efficiency means that the product is being produced with as few scarce resources as possible thereby enabling society to spread its scarce resources across more products.

Final answer:

Productive efficiency refers to a scenario in the production process where output is generated at the lowest possible cost. It does not necessarily imply utilizing the best technology, producing the most desired goods, or minimal marginal cost of production.

Explanation:

If we talk about productive efficiency, it typically signifies a scenario in the market where goods produced at the lowest possible cost. It is a situation in which a entity cannot produce more of one good without sacrificing production of another good and is directly linked with the concept of a Production Possibility Frontier (PPF). Therefore, the correct answer is A. the output is being produced at the lowest possible cost.

It's crucial to note that while this definition of productive efficiency refers to the lowest cost, it does not necessarily imply using the best technology available (B), producing the goods consumers desire most (C), or minimizing the marginal cost of production (D).

Learn more about productive efficiency here:

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You are opening up a brand new retail strip mall. You presently have more potential retail outlets wanting to locate in your mall than you have space available. What is the most appropriate tool to use if you are trying to determine the optimal allocation of your retail​ space?

Answers

Answer:

A) Profitability index.

Explanation:

Based on the scenario being it can be said that the most appropriate tool to use in this specific situation would be a Profitability index. This is a ratio that weighs the payoff to the investment of a specific project. It is allows individuals to rank projects on the amount of value that they will be getting from them. Thus allowing you to choose the most optimal projects in situations such as this one.

Why might a construction company build a high-rise building with steel alloy beams instead of pure iron beams?

Answers

Answer: Steel alloy beams are harder and stronger than pure iron beams. A small amount of carbon makes the steel stronger.

Steel is a well known and commonly used alloy (a mixture of several metals)  to build a high rise building because it can be around 1000 times stronger than iron in its pure form. It is made from iron and a small amount of carbon (usually between 0.2% and 2.0% by weight) that makes it stronger and lighter.

Pure iron beams, on the other hand, has the bigger quantity of carbon that makes its structure weak and fragile, thus not fit for high rise building.

 

A team suffering from resentment among team members should work on its ______.a. Long term goals
b. Job satisfaction
c. Communication
d. Customer service

Answers

I believe they must work on their communication. Having a good communication is a team makes a team harmonious and effective. Because communication gives each member the reason to speak up of what they feel in the group without hesitations.

the answer is C. communication

The weighted-average method a. calculates an average unit cost by dividing the total cost of goods sold by the total units sold.
b. calculates an average unit cost by dividing the total cost of goods available for sale by the total units of goods available for sale.
c. calculates an average unit cost by adding the total cost of goods available for sale to the total units of goods available for sale.
d. none of the above

Answers

The weighted average method is used to assign the average cost of production to a product. Weighted average costing is commonly used in situations where:

Inventory items are so intermingled that it is impossible to assign a specific cost to an individual unit.The accounting system is not sufficiently sophisticated to track FIFO or LIFO inventory layers.Inventory items are so commoditized (i.e., identical to each other) that there is no way to assign a cost to an individual unit.