Compute the Cost. Edward the entrepreneur takes 2 hours to cut a lawn and he cuts 500 lawns per year. He uses solar-powered equipment (truck and mower) that will last forever-and could be sold at any time for $20,000. Edward could earn $20 per hour as a pedicurist. The interest rate is 10 percent. a. Given his current output level, his marginal cost is $40 (enter your response to the nearest dollar) and his average cost is $44 (enter your response to the nearest dollar). b. Suppose he decides to reduce the number of lawns cut by half, to 250 per year. His new marginal cost is $ (enter your response to the (enter your response to nearest dollar) and his new average cost is s

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