John has been in the habit of mowing willas lawn each week, Ask an Expert

Economics

John has been in the habit of mowing Willa's lawn each week for $20.

John"s opportunity cost is $15, and Willa would be wlling to pay $25 to have her lawn mowed.

What is the maximum tax the gov. can impose on lawn mowing

without dicouraging John and Willa from cotinuing their matually beneficial arrangement?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9746809

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