Problema Solution
Marlene gets an offer to rake her neighbor’s lawn. It would take her three hours to rake the lawn and she would be paid $10. What would be a cost-benefit analysis of raking the lawn?
Answer provided by our tutors
$3.33/hour is Marlene's breakeven point. If she can get paid more than that per hour doing something else then she shouldn't rake the lawn. If she gets paid less than she should rake the lawn.
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3 hours = $10 of total pay
total pay / hours worked = pay/hour
$10 / 3 hours = $3.33/hour