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).

Max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay semimonthly for it?

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u. s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.

Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal.