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Compute the Cost. Edward the entrepreneur takes 2 hours to cut a lawn and he cuts...

Compute the Cost. Edward the entrepreneur takes 2 hours to cut a lawn and he cuts 500 lawns per year. He uses​ solar-powered equipment​ (truck and​ mower) that will last forever long dash —and 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 (​ ) ​(enter your response to the nearest​ dollar) and his average cost is ( ) ​(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 (​ ) ​(enter your response to the nearest​ dollar) and his new average cost is ​( ) ​(enter your response to the nearest ​dollar).

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