After graduating from high school, Quinn Thompson decided to enroll in a 2 year program at the local community college rather than accept a job that had a starting salary of $12,000/year. If the annual tuition and fees are $4,600, the annual opportunity cost of attending the community college is O $16,600 O $12,000 O $24,000 O $7,400 O $4,600
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- Hand written plz only..i'll give you multiple upvote asapStore Local Shoe Store Different Neighborhood in Town Rural Outlet Travel Time Each Way (Minutes) 15 30 60 Juanita earns an hourly wage of $34 at her job. In order to purchase her boots she will have to take time off work, so each hour away from her job costs her $34 in lost income. Assume that Juanita's travel time is the same each way (to and from the store) and that it will take her 30 minutes once she reaches a store to complete her shopping. Assume throughout the question that Juanita incurs no additional costs other than the boots, such as gas. Store Local Shoe Store Price of a Boots (Dollars per boots) 110 103 82 Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location. Opportunity Cost of Time (Dollars) Price of a Boots (Dollars per boots) 110 Total Cost (Dollars) 103 82 Different Neighborhood in Town Rural Outlet Assume that Juanita considers both her opportunity costs and the price of boots when making…sarah earns 400 per week and spends 15% of her earning on tranpotation every week
- Homework (Ch 01) Store Local Shoe Store Different Neighborhood in Town Rural Outlet Travel Time Each Way (Minutes) 15 30 60 Price of a Boots (Dollars per boots) 115 98 75 Juanita earns an hourly wage of $20 at her job. In order to purchase her boots she will have to take time off work, so each hour away from her job costs her $20 in lost income. Assume that Juanita's travel time is the same each way (to and from the store) and that it will take her 30 minutes once she reaches a store to complete her shopping. Assume throughout the question that Juanita incurs no additional costs other than the boots, such as gas. Store Local Shoe Store Different Neighborhood in Town Rural Outlet Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location." Opportunity Cost of Time (Dollars) Price of a Boots (Dollars per boots) 115 Total Cost (Dollars) 98 75 Assume that Juanita considers both her opportunity costs and the price of…What are the three things that must be known to compute costsengineering econ
- Suppose you sell items on a web site like Etsy and making them requires you to rent some equipment costing $1000 per year as a fixed cost. The materials for making these items cost $30 per item as a variable cost, and you sell them for a price of $50 each. What number of items D' must you make and sell each year for you to breakeven on the cost of this activity? You may be able to raise your sales price and then sell fewer items to maximize profit. Since other people make and sell similar items, a higher price lowers the demand for your product according to the price function p = $120 - 1.5 D. What is the profit maximizing number of items D* that you would need to make and sell to maximize profit? What is the profit earned for the annual number of items made and sold in part b?Please explain step by step, (Engineering Econ)You are currently in a job as a chef in a restaurant earning $100,000 per year. You are considering opening up a restaurant in a building which you currently own. You estimate that, if you wanted to, you could rent out your building for $25,000 per year to another restaurant. Last year, your revenues and expenses from the restaurant were the following: Revenues $400,000Cost of Food $120,000Salaries/Wages $100,000Utilities $25,000Taxes $20,000 What is your accounting profit? Show your calculations What is your economic profit? Show your calculations Assuming that you are indifferent between being a chef or owning a restaurant, should you open up your restaurant? Explain why. Now suppose that instead of owning the building where your restaurant will be located, you had to pay rent of $25,000 per year for the building. Will your answers to parts 1-3 change? Show your calculations. Explain how and why your answers will change or…
- Good afternoon please help me with the calculation to for the attatched prodblem. Thank you in advanceThe manager of the donut shop tells you that hesells donuts for $1 each, and that if he were to makeadditional donuts, based on his current level ofoutput, it would cost him $0.80 per donut. Do yourecommend that the manager increase or decreasethe number of donuts he makes?pls solve both parts I'll give you many upvotes