Answer:
1) Consider that he makes $1189 every two weeks engaged with work
2) An estimate of the opportunity cost of going on the fishing trip is $1450 in two weeks
3). If he decides to buy the truck, he has to work for about 7 weeks before going on the fishing trip
Step-by-step explanation:
From the given data
Total revenue from lawn mowing per year = 35 × 4× 5×20 = $1400
Similarly total operating costs = $2110
Total profit per annum = $11890
However total revenue per every 2 weeks = $1189
To buy the truck, sell his and go on the fishing trip it will cost = 5200-1500+250 =$3950 hence he has to work for about 6.64 or approximately 7 weeks before going on the fishing trip
2) Opportunity cost will factor in the cost of having someone work for him while away
The cost is = $250 + $120/day
Hence in two weeks it will cost him $1450
3) He has to work for about 7 weeks to be able to afford the truck
Y = (-2)3 - 3
Y = -6 - 3
Y= -9
The answer is o+ Hope this helped.
