Question 3-A: Develop an estimate for the cost of washing and drying a 12-...

Develop an estimate for the cost of washing and drying a 12-pound load of laundry. Remember to consider all the costs. Your time is worth nothing unless you have an opportunity to use it for making (or saving) money on other activities. (3.2)

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At a typical household, the cost of washing and drying a 12 pound load of laundry would include water ($0.40), detergent ($0.25), washing machine –dryer equipment ($1.50), electric power ($0.75), and floor space ($0.10). This totals $3.00 for a load of laundry

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