a. it the lawn mower charge is set at $100 per week, how will this affect the acres of lawns Beth chooses to mow? What will her profits be?
b. suppose instead that Beth’s father requires her to pay 50 percent of weekly profits as a mower charge. How will this affect Beth’s profit-maximizing decision?
c. affect Beth’s marginal cost function? How will it affect her profit-maximizing decision? What will her profits be now? How must will Beth’s greedy father get?