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Business, 30.10.2019 20:31 LigmaXD

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).

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