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Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for $14, a second lawn for $16, and
Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for $14, a second lawn for $16, and a third lawn for $24. Also suppose that three neighbors are interested in having their lawns mowed. Mrs. Jones would be willing to pay $33 to have her lawn mowed, Mr. Wilson would be willing to pay $27, and Ms. Smith would be willing to pay $24. if Tim offers to mow lawns for $24 each, what will be his producer surplus? $] (Enter a numeric response using an integer.)
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