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he same firm produces 500 lawnmowers per week. It hires 20 full-time workers (40 hours/week) at an hourly wage of $15. Raw materials are ordered
he same firm produces 500 lawnmowers per week. It hires 20 full-time workers (40 hours/week) at an hourly wage of $15. Raw materials are ordered weekly and they costs $50 for every unit produced. The weekly cost of the rent payment for the factory is $2,250. Lawnmowers sell for $100. What is the average total cost and theprofit margin?
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