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Charles has decided to open a lawn mowing company To do so he purchases mowing...

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Charles has decided to open a lawn mowing company To do so he purchases mowing equipment for 5 000 buys gasoline 1 60 in gas is required to mow each yard and pays a helper 20 C per yard Prior to opening the lawn company Charles earned 3 000 as a lifeguard at the neighborhood swimming pool Assume the money he used to purchase the mowing equipment could otherwise have earned 5 percent per year in the bank and that the mowing equipment depreciates at 20 percent per year Charles plans to mow 350 yards per year What is Charles s implicit cost of production Charles s implicit cost of production is per year Enter your response as an integer

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