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aev [14]
2 years ago
6

You work as an assistant coach on the university swim team and earn $15 per hour. One day, you decide to skip the hour-long prac

tice and go to the movie theater instead, which has an admission fee of $9.The total cost (valued in dollars) of skipping practice and going to the movies (including the opportunity cost of time) is
Business
1 answer:
Serjik [45]2 years ago
5 0

Answer:

Total cost of skipping practice and going to the movies = $24

Explanation:

Total cost of going to movie and skipping practice, will be inclusive of opportunity cost of earning from swimming lessons.

Here coach earns $15 per hour

Opportunity cost = $15 per hour for hours forgiven due to movie.

Real cost = $9 for movie entry.

The total cost of skipping practice and going to the movies = $15 + $9 = $24

Since its hour long practice, that has to be skipped, assumed the practice session of an hour is missed, in case it is more than an hour then $15 X number of hours + $9 entry fee of movie.

Since its hour long practice, total cost of skipping practice and going to the movies = $15 + $9 = $24

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Maryland Incorporated produces toys. Total manufacturing costs are​ $360,000 when​ 50,000 toys are produced. Of this​ amount, to
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Answer:

$458,000                

Explanation:

The computation of the total production cost in case of 85,000 toys are produced

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= Total manufacturing cost - total variable cost

= $360,000 - $140,000

= $220,000

And, the variable cost per unit is

= $140,000 ÷ 50,000 toys

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The full question is:

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