Tim mows neighborhood lawns for extra money. suppose that he would be willing to mow one lawn for $10, a second lawn for $15, and a third lawn for $21. 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 $26, and ms. smith would be willing to pay $21.
if tim offers to mow lawns for $21 each, what will be his producer surplus? considering mrs. jones, mr. wilson, and ms. smith together, what will be their consumer surplus?

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.