David tunes planos in his spare time for extra income. Buyers of his service are willing to pay $150 per tuning. One particular week, David is willing to tune the first piano for $115, the second piano for $125, the third piano for $140, and the fourth piano for $175. Assume David is rational in deciding how many planos to tune. His producer surplus is $25. O $35. 3 Ⓒ $70 O $95.
David tunes planos in his spare time for extra income. Buyers of his service are willing to pay $150 per tuning. One particular week, David is willing to tune the first piano for $115, the second piano for $125, the third piano for $140, and the fourth piano for $175. Assume David is rational in deciding how many planos to tune. His producer surplus is $25. O $35. 3 Ⓒ $70 O $95.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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