Three College Students Consider the Option of Forming a Lawn

question 6

Essay

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

Their projected revenue depends on the number of lawns serviced.The price per job is $30.The going wage for a typical unskilled college student is about $2,400 for the summer months.Derive an equation for total accounting profit and total economic profit.Should the students launch the business if they expect to service about 200 lawn jobs during the summer?

---

Definitions:

Amnesia

A condition characterized by the loss of memory, usually resulting from brain injury, disease, or psychiatric trauma.

Schizotypal Personality Disorder

A psychological condition defined by intense social fear, disorganized thinking, paranoia, feelings of unreality, brief psychotic episodes, and frequently atypical opinions.

Eccentric Behavior

Actions or attitudes that deviate from the conventional or accepted societal norms, often seen as unconventional or quirky.

Social Rejection

The experience of being excluded or dismissed by an individual or group from social interaction or belonging.