The same scenarios exist as before, with labor costing either $$13/$lawn or $$25/$lawn$.$Assume that your mowing business will mow $350$ lawns per month rather than $200$ lawns per month. Also assume that the cost for advertising increases from $$50$ to $$300$ per month. Label these two new scenarios Scenario $3($with labor costing $$13/$lawn$)$ and Scenario $4($with labor costing $$25/$lawn$).$Specify the Question: What is the profit on each lawn if the mowing business mows $350$ lawns per month? What is the business's total profit per month?Required:$1.$ Assess whether this mowing business will be profitable if you mow $350$ lawns per month$\mathrm{.}2.$ Show a visualization of the change in monthly margin based on a range of labor costs per lawn.Data: Lab $1\mathrm{.}1$ Data.xlsxAnalyze the Data: Refer to lab $1\mathrm{.}1$ in your text for additional instructions and steps.QuestionAnswer$1.$ What is the total monthly margin for scenario $4?2.$ In scenario $3$ what is the expected number of lawns that will be mowed per month $($assuming $4$ weeks in a month$)?3.$ What is the margin per lawn for scenario $3?4.$ What is the cost per lawn in scenario $3$ of the monthly mower payment?$5.$ What would be the total monthly margin of scenario $3$ if the number of lawns serviced were $250$ instead of $350?$

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1 Assess whether this mowing business will be profitable if you mow 350 lawns per month To determine if the business will be profitable we need to calculate the profit for each scenario Profit per law... View the full answer