What is the annual cost of operating lawn-care business

Assignment Help Econometrics

Reference no: EM13234134

Suppose you inherit $10,000 and decide to use the money to start a lawn-care business. You purchase a truck and a mower for $10,000 and start mowing lawns. Your annual cost for fuel and other supplies is $2,000. Now, instead of investing your money in the lawn-care business you could have invested the $10,000 in a bank account earning 8 percent annual interest. Additionally, you could have earned $30,000 in another job if you didn't start your own business. So what is your total annual cost (including opportunity cost) of operating your own lawn-care business?

Reference no: EM13234134

Questions Cloud

Begin by explaining fiscal policy : Begin by explaining fiscal policy.

Compute the temperature at equilibrium : Methanol (CH3OH) can be made by controlled oxidation of methane. CH4(g) 1/2 O2(g) ? CH3OH(g) (a) Calculate ?H° and ?S° for this reaction. (b) Calculate ?G° at 298 K. (c) Calculate the temperature at equilibrium.

Great proletarian cultural revolution : In addition to the years of the Great Proletarian Cultural Revolution, the "ten lost years" also refers to the...

Show benefit of using virtual world to facilitate learning : Write a paper extensively discussing the benefits of using the virtual worlds to facilitate learning.

What is the annual cost of operating lawn-care business : Suppose you inherit $10,000 and decide to use the money to start a lawn-care business. You purchase a truck and a mower for $10,000 and start mowing lawns. Your annual cost for fuel and other supplies is $2,000.

What things must we keep in mind when writing an email : What things must we keep in mind when writing an email versus speaking with someone face-to-face? What considerations might we make when writing an email versus a printed document?

Improve on efficiency and customer satisfaction : From the scenarios, Chris and Erica are faced with efficiency challenges at the café. Explain how these challenges could potentially harm the business, and suggest a brief plan to improve on efficiency and customer satisfaction.

Explain how many liter of ethane measured at 15 degrees c : How many liter of ethane, measured at 15 degrees C and 711 torr, must be burned to liberate 2.73 * 10^4 KJ of heat? 2(C2H6) +7(O2) ----> 4(CO2) + 6(H2O) [delta H= -3.12 *10^3]

From what sources should the store gather information : From what sources should the store gather information? Why?

User Account

All Pages