Edward takes 2 hours to cut a lawn and he cuts 100 lawns


Edward takes 2 hours to cut a lawn and he cuts 100 lawns per year. He uses solar powered equipment and could be sold anytime for $20,000. Edward could earn $20.00 per hour as a pedicurist. The interest rate is 10%. Given his current output level, his marginal cost is ____

Solution Preview :

Prepared by a verified Expert
Macroeconomics: Edward takes 2 hours to cut a lawn and he cuts 100 lawns
Reference No:- TGS01687165

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)