(Answered) Three college students consider the option of forming a

Management Studies

Three college students consider the option of forming a lawn care and landscaping business during their summer vacation. They estimate the following costs:

Insurance $2,600

Equipment Rental Fees $1,000

Fuel and Supplies $4 per lawn

Miscellaneous expenses $2 per lawn

Their projected revenue depends on the number of lawns serviced. The price per job is $40. The going wage for a typical unskilled college student is about $2,000 for the summer months.

Describe an equation for total accounting profit with Q (the number of laws serviced) is a variable?

Describe an equation for total economic profit with Q (the number of laws serviced) is a variable? Hint: There are 3 students involved.

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