Suppose that you own a yard-care business you have your own, Econometrics

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Suppose that you own a yard-care business you have your own

1. Many amusement parks offer two-day passes at dramatically discounted prices. If a one-day pass costs $40 but the two-day pass costs $50, what is the average cost for the two-day pass? What is the marginal cost of the two-day pass?

2. Suppose that you own a yard-care business. You have your own mower, flatbed truck, and other equipment. You are also the primary employee. Why might you have trouble calculating your economic profit?

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Econometrics: Suppose that you own a yard-care business you have your own

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