Principles of Economics Given his current output level, compute his marginal cost $____ and average cost is $____, economics homework help

17 July 2017, Comments Comments Off on Principles of Economics Given his current output level, compute his marginal cost $____ and average cost is $____, economics homework help

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Question description
Edward the entrepreneur takes two hours to cut a lawn, and he cuts 500 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 $8 per hour as a pedicurist. The interest rate is 10 percent.
a.Given his current output level, compute his marginal cost $____ and average cost is $____
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