HW chap 3

Rev is ed jrl 08082011 sectionmaximizingbenefitsless

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: tal Benefit $0 Repair Cost $0 1 615 200 2 1,150 3 Total Cost $0 Net Benefit $0 10 210 405 25 1,600 400 600 45 425 645 725 955 4 1,975 800 75 875 1100 5 6 2,270 2,485 1100 1400 110 150 1,210 1550 1060 935 Your best choice is to hire your mechanic for 4 Lost Earnings from Piz z a Delivery Job $0 hours. rev is ed jrl 08­08­2011 Section: Maximizing Benefits Less Costs Worksheet Suppose that the cost of hiring your mechanic (including the cost of parts) is $200 an hour up to four hours and $300 an hour over four hours (she charges for her time in one­hour increments). Your benefits and other costs are shown below. Fill in the blanks in the table below. Instructions: Round your answers to the nearest whole number. Hours 0 Total Benefit $0 Repair Cost $0 1 615 200 10 210 405 2...
View Full Document

Ask a homework question - tutors are online