Microecon

Juan mows lawns in his neighborhood for extra money. Suppose the demand for lawn mowing in Joe’s neighborhood is: QD = 48 – 2P and that the supply of lawn mowing (Juan’s willingness to mow lawns) is: Qs = -12 + P. The market-clearing price of lawn mowing is $____ per lawn and the market-clearing quantity is ____ lawns. The corresponding consumer surplus is $____.

  1. 👍 0
  2. 👎 0
  3. 👁 1,208
  1. wss

    1. 👍 0
    2. 👎 2
  2. no

    1. 👍 0
    2. 👎 3

Respond to this Question

First Name

Your Response

Similar Questions

  1. math

    at the beginning of the summer, conan had $180 in the bank. each week he deposits another $64 that he earns mowing lawns. is his account balance proportional to the number of week since he started mowing lawns?

  2. math

    taryn and alastair both mow lawns. Each charges a flat fee to mow a lawn. The table shows the number of lawns in the past week, the time spent mowing lawns and the money earned. Taryn mowed 9 lawns. She spent 7.5 hrs mowing lawns.

  3. SS

    What is the main purpose of a market? a. to allow people to exchange goods and services b. to set prices for goods and services c. to help producers get human resources d.to increase competition between buyers and sellers A A

  4. math

    please help me check!! James rents a car for x days. the rate is 19.95 per day, which includes 20 miles of driving and .40 per mile for each additional mile. If James drives 30 miles per day for the duration of this period, which

  1. physics

    A gardener mows a lawn with an old-fashioned push mower. The handle of the mower makes an angle of 30 ∘ with the surface of the lawn. If a 50.0-N force is applied along the handle of the 15-kg mower, what is the normal force

  2. English

    Identify the correct sentence. a. While studying for her psychology test, Francina had trouble concentrating because her friends were calling her, her brother's blasting stereo, and her dad mowing the lawn. b. While studying for

  3. Math

    Kevin mowed 6 lawns in 8 hours. What was his rate of mowing in hours per lawn?

  4. PLZ Check My Math?

    Sorry! Another rates/proportions question! "Myles mows lawns during the summer to earn money. Since he is trying to save money for a car, he tries not to spend very much of it. In fact, his goal is to save $5 for every $7 he

  1. Mathematics

    Over the summer, Roy mows lawns for his neighbors. He can mow 3 lawns in 4 hours. At what unit rate does Roy mow lawns? Enter your answer as a decimal rounded to the nearest hundredths

  2. applied physics

    a gardener pushes a mower a distance of 900m in mowing a yard. the handle of the mower makes an angle of 40.0 degrees with the ground. the gardener exerts a force of 35.0 N alonf the handle of the mower. how much work does the

  3. math

    During the summer holidays,your brother earns extra money mowing lawns.He mows 6 lawns an hour and has 21 lawns to mow.How long will it take him?

  4. math

    Sue charges a flat rate of $20 plus $10 per hour it takes her to mow a lawn. Which equation shows the correct way to find the cost y of mowing a lawn for x hours.

You can view more similar questions or ask a new question.