Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for $12, a second lawn for $17, and a third lawn for $20. Also suppose that three neighbors are interested in having their lawns mowed. Mrs. Jones would be willing to pay $30 to have her lawn mowed, Mr. Wilson would be willing to pay $28, and Ms. Smith would be willing to pay $20.
A) If Tim offers to mow lawns for $23 each. what will be his producer surplus?
B) Considering Mrs. Jones. Mr. Wilson, and Ms. Smith together, what will be their consumer surplus?