Edward the entrepreneur takes 2 hours to cut a lawn and he cuts 1,000 lawns per year. he uses solar-powered equipment (truck and mower) that will last foreverlong dashand could be sold at any time for $20,000. edward could earn $16 per hour as a pedicurist. the interest rate is 10 percent.
a. given his current output level, his marginal cost is $20 (enter your response to the nearest dollar) and his average cost is $24.00(enter your response to the nearest dollar).
b. suppose he decides to reduce the number of lawns cut by half, to 250 per year. his new marginal cost is $20 (enter your response to the nearest dollar) and his new average cost is $nothing (enter your response to the nearest dollar).
Answers: 2
Another question on Business
Business, 22.06.2019 14:50
One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be:
Answers: 2
Business, 22.06.2019 18:00
Acountry made education free in mandatory up to age 15. it is established 100 new schools to educate kids across the country. as a result, citizens acquired the _ required to work. the school's generated _ for teachers and other staff. in 20 years, to countryside rapid _ and its gdp.
Answers: 3
Business, 22.06.2019 20:30
Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows:
Answers: 2
Business, 22.06.2019 20:40
On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share
Answers: 3
You know the right answer?
Edward the entrepreneur takes 2 hours to cut a lawn and he cuts 1,000 lawns per year. he uses solar-...
Questions
History, 26.06.2020 20:01
Biology, 26.06.2020 20:01
Chemistry, 26.06.2020 20:01
Business, 26.06.2020 20:01
Geography, 26.06.2020 20:01
Mathematics, 26.06.2020 20:01
History, 26.06.2020 20:01
