Suppose Lydia owns the only lawn-mowing business in the small town of Pleasant Pastures. There are 8 people each week whose lawns she might cut, each with a reservation price given in the accompanying table. Assume that the marginal cost of mowing each lawn is constant and equal to $25. Customer Reservation Price A $ 36 B 34 C 32 D 30 E 28 F 26 G 24 H 22 If Lydia charges the same price to all of her customers, then how many lawns should she mow each week? Select one: a. 2 b. 3 c. 4 d. 5
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Step 1
Step 1: Identify the reservation prices of each customer and list them in descending order: - Customer A: $36 - Customer B: $34 - Customer C: $32 - Customer D: $30 - Customer E: $28 - Customer F: $26 - Customer G: $24 - Customer H: $22 Show more…
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