Posted by **linda** on Sunday, November 14, 2010 at 9:39am.

The GreenAcres mowing company wants to buy the new “Titan3000” lawn mowers. Assume that the lawn mowers are expected to last indefinitely, that operating expenses are negligible, and that the price per acre of mowed lawn is expected to remain constant in the future. The lawn mowing market is perfectly competitive with a market price of $25 per acre. The price of a “Titan300” lawn mower is $5,000. Exhibit 13-8 shows the number of acres that can be mowed with the new lawn mowers. The marginal revenue product of the second lawn mower is:

a. $10,000

b. $5,000

c. $2,500

d. $1750

e. $1,000

- microeconomics problems - incomplete -
**Ms. Sue**, Sunday, November 14, 2010 at 11:26am
We can't see the Exhibit.

- microeconomics problems -
**Marco Alfaro**, Wednesday, April 15, 2015 at 3:01pm
Answer is $1750.00

The marginal revenue by adding a send lawn mower is 70, the 70 * 25 dollars per acre of production.

## Answer This Question

## Related Questions

- algebra 2 - A garden supply store sells two types of lawn mowers. The cashiers ...
- algebra 2 - A garden supply store sells two types of lawn mowers. The cashiers ...
- Math Question - Hello! I have a question about a word problem: A garden supply ...
- finaicane - Analyze the following scenario: River County is planning several ...
- Finances - Analyze the following scenario: River County is planning several ...
- Algebra 1 - erry and ed start a lawn mowing business and purchase mowers and ...
- Math Help - 1.) You have $22 in your bank account, and you deposit $11.50 per ...
- Algebra. - Terry and Ed start a lawn mowing business and purchase mowers and ...
- Math - Terry and Ed start a lawn mowing business and purchase the mowers and ...
- Microecon - Juan mows lawns in his neighborhood for extra money. Suppose the ...

More Related Questions