Problem
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?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.