Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 6 - Market Efficiency and Government Intervention - Exercises - 6.2 Market Equilibrium and Efficiency - Page 147: 2.3

Answer

Cecil; Dee

Work Step by Step

Cecil and Dee are willing to cut the lawn for the amounts Thurl and Forest are willing to pay, but the maximum price blocks the transactions.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.