Kristen is planning to add new mulch to all the landscaping beds around her house. She has determined the quantity of mulch she will need and identified these two options for getting the mulch to her house:
1. Kristen can have all the mulch delivered to her yard in one dump truck for $450.
2. Kristen can make four trips to the garden center with her pickup truck and haul it herself. It will cost her $75 per load for the mulch, plus $25 in fuel and truck wear per load. She estimates it will take about five hours to haul and unload all four loads.
What is the full cost of each method? Which method is cheaper? How is opportunity cost relevant?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q143: The figure depicts a shift in a
Q144: When an economy shifts away from production
Q145: What assumptions do economists make when developing
Q146: Draw a production possibilities frontier (PPF)for good
Q147: How will a reduction in the national
Q151: Suppose that,during an afternoon at Hambre's favorite
Q155: Consider the following scenario to answer the
Q159: Comment on the role of models in
Q160: Suppose that during Coco's afternoon shift working
Q164: How can a person who is "better"
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents