Aaron has an option to choose from four forms of employment: full-time, part-time, contractor orself-employed. The opportunity cost of working hours for Aaron is $10/hour. Aaron receives travelallowances depending on his employment choice, which reduces his travel cost accordingly.Forms ofemploymentFull-timeWorking hours(hours/day)8 hoursTravel cost($/day)$5$10$10$35Part-time6 hoursContractor5 hoursSelf-employed4 hoursUsing the Multipoint curve drawing tool, draw the total cost curve and label it.Carefully follow the instructions above and only draw the required object.Total cost ($ per day)100-95-90-65-60-55-50-Full-time Part-time ContractorForms of employmentSelf-employed

In this case, we have to find out the total cost curve for four forms of employment choices i.e.…

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 $10/hour. Aaron receives travel allowances depending on his employment choice, which reduces his travel cost accordingly. Forms of employment Full-time Working hours (hours/day) 8 hours 6 hours 5 hours 4 hours Travel cost ($/day) $5 $10 $10 $35 Part-time Contractor Self-employed Using the Multipoint curve drawing tool, draw the total cost curve and label it. Carefully follow the instructions above and only draw the required object. Total cost ($ per day) 100- 95 90- 85- 65- 60- 55 50 Full-time Part-time Contractor Forms of employment G Self-employed

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 $10/hour. Aaron receives travel allowances depending on his employment choice, which reduces his travel cost accordingly. Forms of employment Full-time Working hours (hours/day) 8 hours 6 hours 5 hours 4 hours Travel cost ($/day) $5 $10 $10 $35 Part-time Contractor Self-employed Using the Multipoint curve drawing tool, draw the total cost curve and label it. Carefully follow the instructions above and only draw the required object. Total cost ($ per day) 100- 95 90- 85- 65- 60- 55 50 Full-time Part-time Contractor Forms of employment G Self-employed

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Kabir’s Ceramics spent 3000 Taka on a new kiln last year, in the belief that it would cut energy usage 25% over the old kiln. This kiln is an oven that turns “green ware” into finished pottery. Kabir is concerned that the new kiln requires extra labour hours for its operation. Kabir wants to check the energy savings of the new oven and also to look at other measures of their productivity to see if the change really was beneficial. Kabir has the following data to work with: Last Year This year Production (finished units) 4 000 No change Green ware(kgs) 5 000 5 000 Labour (hours) 350 300 Capital (MU) 15 000 3000 Taka more than last year Energy (kWh) 4 000 25 % less than last year 1.Analyse the productivity percentage change for Labour, Capital and Energy and justify the whether the investment decisions (you agree or not )
Chelsea Menken, of Providence, Rhode Island, recently graduated with a degree in food science and now works for a major consumer foods company earning $70,000 per year with about $54,000 in take-home pay. She rents an apartment for $1,200 per month. While in school, she accumulated about $38,000 in student loan debt on which she pays $385 per month. During her last fall semester in school, she had an internship in a city about 100 miles from her campus. She used her credit card for her extra expenses and has a current debt on the account of $7,000. She has been making the minimum payments on the account of about $240 a month. She has assets of $14,000. D a. Calculate Chelsea's debt payments-to-disposable income ratio. Round your answer to two decimal places. b. Calculate Chelsea's debt-to-income ratio. Round your answer to two decimal places. c. Comment on Chelsea's debt situation and her use of student loans and credit cards while in college.
Mary's job position is being transferred to Lexington, Kentucky from Orlando, Florida. She and her husband George are currently renting their home in Orlando, but they have decided that they want to purchase a home in Lexington. Mary's annual salary is $48,500. George has also been able to find employment in Lexington at a factory making $39,000 per year. Mary is a planner and has saved $6200 that she can use towards the down payment on the new house. Use the above information to answer the following questions. Round all answers to 2 decimal places. To save the down payment, Mary deposited monthly in a savings account earning 2.5% compounded monthly. If it took Mary 5 years to save up the down payment, how much money was Mary depositing each month?
The main office of a large bank has an annualturnover of 500 office workers. As an employmentofficer of this bank, discuss the sources you woulduse in obtaining replacement employees.
10
What companies have failed to adequately respond and adapt to the COVID-19 economy?
None
Interest inflation and purchasing power
You have choice when subscribing to our magazine. Which is the best deal for you, the subscriber, if your opportunity cost of funds is 10%? pay $28 at the beginning of each year for four years pay $54 today and $54 again two years from today pay $100 now for a four year subscription no one is superior
Only typed answer and please answer correctly
Fill in the Blanks Type your answers in all of the blanks and submit According to one estimate, the parts for a Segway Human Transporter - which has five gyroscopes, two tilt sensors, dual redundant motors, 10 microprocessors, and can travel up to 12.5 mph - cost at least $1,500 (Eric A. Taub, "Segway Transporter Slow to Catch On," San Francisco Chronicle, August 11, 2003: E4). Suppose that Segway's marginal cost is $1800, and the price of a Segway is $4000 (b.) What is the elasticity of demand? The price elasticity of demand is two decimal places, include the minus (-) sign if necessary) Type your answer here 0 (round your answer to Please type your answer to submit
(a) What is the profit-maximizing level of output and how much daily profit will the producer below earn if the price of pizza is $ 2.50 per slice? MC Salice ATC (AVC 2.50 1.40 slices/day 570