Question: Sheldon is the only landscaper in town. To keep things simple, he only mows lawns. Assume he has five possible customers with different willingness to

 Sheldon is the only landscaper in town. To keep things simple,

Sheldon is the only landscaper in town. To keep things simple, he only mows lawns. Assume he has five possible customers with different willingness to pay for a month of lawn service as depicted in the table below. Customer Willingness to pay (WTP) for a month of lawn service $120 2 $100 3 $80 4 $60 5 $40 Suppose Sheldon has variable costs of $38 per customer and fixed costs of $130. Sheldon must charge each customer the same price, so he needs to decide whether to charge $120, $100, $80, etc. If Sheldon maximizes his profit, he will earn $ (if there are losses, include the negative sign)

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