Suppose your total benefits of renting x DVD's next month is: 2 -x+10x+20 The cost of...
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Suppose your total benefits of renting x DVD's next month is: 2 -x+10x+20 The cost of renting a DVD is $2, and so the total cost of renting x DVD's is $2x. Calculate your net benefit from watching 1, 2.8 DVDs. Complete column (2). (Enter your responses as integers.) (2) (1) DVDs Total Net Rented Benefit 0 1 2 3 45678 Aaron has an option to choose from four forms of employment: full-time, part-time, contractor or self-employed. The opportunity cost of working hours for Aaron is $10/hour. Aaron receives travel allowances depending on his employment choice, which reduces his travel cost accordingly. Forms of Working hours (hours/day) Travel cost employment ($/day) Full-time 8 hours $5 Part-time 6 hours $10 Contractor 5 hours $10 Self-employed 4 hours $35 Total cost ($ per day) 100- 95- 90- 85- 80- 75- 70- 65- 60- Using the Multipoint curve drawing tool, draw the total cost curve and label it. Carefully follow the instructions above and only draw the required object. Using marginal analysis, the optimal choice for Aaron is to work 55- This is because the move has a marginal total cost of $/day, so it is cost cutting making the move worth it. (Use a negative sign if vou are entering a nonative number\ Total cost curve 50- Full-time Part-time Contractor Self-employed Forms of employment Q L Suppose your total benefits of renting x DVD's next month is: 2 -x+10x+20 The cost of renting a DVD is $2, and so the total cost of renting x DVD's is $2x. Calculate your net benefit from watching 1, 2.8 DVDs. Complete column (2). (Enter your responses as integers.) (2) (1) DVDs Total Net Rented Benefit 0 1 2 3 45678 Aaron has an option to choose from four forms of employment: full-time, part-time, contractor or self-employed. The opportunity cost of working hours for Aaron is $10/hour. Aaron receives travel allowances depending on his employment choice, which reduces his travel cost accordingly. Forms of Working hours (hours/day) Travel cost employment ($/day) Full-time 8 hours $5 Part-time 6 hours $10 Contractor 5 hours $10 Self-employed 4 hours $35 Total cost ($ per day) 100- 95- 90- 85- 80- 75- 70- 65- 60- Using the Multipoint curve drawing tool, draw the total cost curve and label it. Carefully follow the instructions above and only draw the required object. Using marginal analysis, the optimal choice for Aaron is to work 55- This is because the move has a marginal total cost of $/day, so it is cost cutting making the move worth it. (Use a negative sign if vou are entering a nonative number\ Total cost curve 50- Full-time Part-time Contractor Self-employed Forms of employment Q L
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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