architect-hours per week for

20

weeks to complete this project. Architects earn

$500

per

40-hour

week. Suppose that there is a fixed cost of hiring an architect of

$2,000.

(This cost reflects the advertising costs, interviewing costs, and so forth.)

Part 2

The firm's current architects are willing to work overtime to complete this project if they receive

1.6

times their usual wage rate for any hours in excess of

40

hours per week.

In this situation, the total overtime wages the managers would pay for the project will be

$

enter your response here.