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Weekly opportunity cost of cutting lawns

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Reference no: EM131970179

Suppose you run a lawn-cutting business and use solar-powered equipment that you could sell tomorrow for $5,000. Instead of cutting lawns, you could work as a janitor for $300 a week. You have a savings account that pays a weekly interest rate of 0.20 percent (or $0.002 per dollar. What is your weekly opportunity cost of cutting lawns?

Reference no: EM131970179

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