Beth’s Lawn Mowing Service is a small business that acts like a price taker. The prevailing market price of lawn mowing is $20 per acre. When Beth was using the family mower for free, she has other costs each week are given by: Total Cost = 0.1q2 + 10q + 50 Marginal Cost = 0.2q + 10 Where q = the number of acres Beth chooses to mow in a week. Now assume that in addition to the above costs, Beth must pay her greedy Dad $100 per week to use the family mower. Find the profit maximizing number of lawns to cut in the short-run given that her Dad is now charging her $100 per week to use the family mower.

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?