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OCW Scholar - Principles of Microeconomics
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OpenStudy (anonymous):
I am an entrepreneur and I currently own solar-powered equipment (truck and mower). It take me about two hours to cut a lawn, and I cut 1,000 lawns per year. My equipment can be sold for $20,000 at any time. I could also earn $12/hour as a pedicurist. The interest rate is 10 percent. I need to know total opportunity cost, opportunity cost of each lawn, current output level, marginal cost and average cost
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