question 10 (8 points) You are considering planting a garden to get fresh lettuce during the...

 

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question 10 (8 points) You are considering planting a garden to get fresh lettuce during the pandemic. You get $3 of happiness from every bag of lettuce you get from your garden. Your discount rate is 5% per week. It costs you $5 to plant lettuce. To simplify the math, assume that you must harvest all of your lettuce at once. In week 3 you have 1 bag of lettuce in your garden. It will grow by 25% between week 3 and 4. What is the value to you of lettuce if you harvest in week 3? What is the value if you harvest in week 4? Should you plant the garden if these are your only two choices of when to harvest? question 10 (8 points) You are considering planting a garden to get fresh lettuce during the pandemic. You get $3 of happiness from every bag of lettuce you get from your garden. Your discount rate is 5% per week. It costs you $5 to plant lettuce. To simplify the math, assume that you must harvest all of your lettuce at once. In week 3 you have 1 bag of lettuce in your garden. It will grow by 25% between week 3 and 4. What is the value to you of lettuce if you harvest in week 3? What is the value if you harvest in week 4? Should you plant the garden if these are your only two choices of when to harvest?

Answer rating: 100% (QA)

Solution To calculate the value of the lettuce in week 3 we need to calcula... View the full answer