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Lisa has a lawn-mowing business

Economics

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Lisa has a lawn-mowing business. Lisa hires students at $40 a day to mow lawns. Lisa leases 5 lawn mowers for $200 a day. The table gives the daily output:

a. Construct the total variable cost and total cost schedules,

b. Construct the average fixed cost, average variable cost, and average total cost schedules,

c. Construct the marginal cost schedule.