If Sasha works for 7 hours she can rent out 6 apartments, and if she works for 8 hours she can rent out 9 apartments. The average benefit from 7 hours of work equals Multiple Choice 1.14 apartments. 0.86 of an apartment. 1.13 apartments. 1.17 apartments

Ben enjoys doing volunteer work very much. During weekends, he often goes to the community center next to his home. He treasures the time doing volunteer work and considers it worth $305. He does not need to spend any money on transportation as he can walk to the community center and no other cost will incur if he does the volunteer work. If he does not go to the community center, he can use the same amount of time working as a private teacher and earning $450. The job as a private teacher is unpleasant to him. He is not willing to do the teaching job unless he is paid at least $X. If Ben finally decided to go to the community center, the value of X must be larger than or equal to [Answer]. (In decimal numbers, with two decimal places, please.)

Jenny is going to rent a truck for one day. There are two companies she can choose from, and they have the following prices. Company A charges $90 and allows unlimited mileage. Company B has an initial fee of $55 and charges an additional $0.70 for every mile driven.

Sam quit his job and started his own business. He made a $100,000 salary at his old job. The company paid $10,000 a year for his family's health insurance premium and paid him $5,000 in profit sharing in the year. He owns some commercial property that he used to rent out and make $20,000 a year. Now he uses that property for his new business. With his new business, in his first year, he paid his production workers $125,000. He paid a salesperson $60,000 in commissions. His gas and utilities came to $12,000. He put in $50,000 of his own money that he could have made 2% a year in the bank. He also spent $14,000 in advertising and $20,000 for a business consultant. In his first year as a business owner, Sam made $300,000 in sales. 1. What are his explicit costs? Be sure to list out all of the explicit costs so that I can give partial credit if need be. 2. What are his implicit costs? Be sure to list out all of the explicit costs so that I can give partial credit if need be. 3. What is his…

Megan used to work at the local pizzeria for $17,000 per year but quit in order to start her own deli. Last year, she paid $4,000 rent each month, $4,500 for employee payroll each month, and $1,500 for supplies each month. She was planning on selling $2,500 worth of furniture but ended up bringing the furniture to her new deli. She had total revenue of $150,000. She asked an accountant and an economist to calculate her annual costs. Accountant says cost is $120,000, and economist says her cost is $139,500. Accountant says cost is $139,500, and economist says her cost is $120,000. Accountant says cost is $10,000, and economist says her cost is $29,500. Accountant says cost is $30,000, and economist says her cost is $10,500.