A monopolistically competitive industry such as baked goods

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Q1. Edward the entrepreneur takes two hours to cut a lawn also he cuts 1,000 lawns per year. He utilizes solar-powered equipment (truck also mower) to will last forever- also can be sold at any time for $20,000. Edward could earn $12 per hour as a pedicurist. The interest rate is 10 percent (%). Given his present level, compute his marginal cost also average cost of cutting lawns

Q2. A monopolistically competitive industry such as baked goods also a perfectly competitive industry like wheat farming are alike into.

Reference no: EM1319083

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