Compute marginal cost and average cost of cutting lawns


Edward the entrepreneur takes two hours to cut a lawn, and he cuts 1,000 lawns per year. He uses solar-powered equipment (truck and mower) that will last forever- and can be sold at any time for $20,000. Edward could earn $12 per hour as a pedicurist. The interest rate is 10 percent. Given his current level, compute his marginal cost and average cost of cutting lawns.

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Microeconomics: Compute marginal cost and average cost of cutting lawns
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