Kim works as a physiotherapist. She currently earns a salary of $6479 per month. The only costs associated with working as a physiotherapist are fixed costs (e.g. maintaining her licence to practice physiotherapy) of $289 per year. Due to changes in the health care sector, Kim is deciding whether she should become a general practitioner instead. She estimates her salary as a general practitioner will be $8563 per month. What is Kim's monthly economic loss from working as a physiotherapist? Assume the same fixed costs apply to both the physiotherapist and general practitioner options, because the licences for physiotherapists and general practitioners cost the same amount of money. Answer as a positive number to the nearest whole value (with no decimal places, $ or - signs, spaces or commas).
Kim works as a physiotherapist. She currently earns a salary of $6479 per month. The only costs associated with working as a physiotherapist are fixed costs (e.g. maintaining her licence to practice physiotherapy) of $289 per year. Due to changes in the health care sector, Kim is deciding whether she should become a general practitioner instead. She estimates her salary as a general practitioner will be $8563 per month. What is Kim's monthly economic loss from working as a physiotherapist? Assume the same fixed costs apply to both the physiotherapist and general practitioner options, because the licences for physiotherapists and general practitioners cost the same amount of money. Answer as a positive number to the nearest whole value (with no decimal places, $ or - signs, spaces or commas).
Chapter17: Capital And Time
Section: Chapter Questions
Problem 17.6P
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![Kim works as a physiotherapist. She currently earns a salary of $6479 per month. The only costs associated with working as a
physiotherapist are fixed costs (e.g. maintaining her licence to practice physiotherapy) of $289 per year. Due to changes in the health
care sector, Kim is deciding whether she should become a general practitioner instead. She estimates her salary as a general
practitioner will be $8563 per month.
What is Kim's monthly economic loss from working as a physiotherapist? Assume the same fixed costs apply to both the physiotherapist
and general practitioner options, because the licences for physiotherapists and general practitioners cost the same amount of
money. Answer as a positive number to the nearest whole value (with no decimal places, $or - signs, spaces or commas).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2d2c445a-1cdd-40e4-bca0-31427b8d1cda%2F6622d2c6-bd34-4c2a-b9cb-8afa374c9c5f%2F0y3t6fd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Kim works as a physiotherapist. She currently earns a salary of $6479 per month. The only costs associated with working as a
physiotherapist are fixed costs (e.g. maintaining her licence to practice physiotherapy) of $289 per year. Due to changes in the health
care sector, Kim is deciding whether she should become a general practitioner instead. She estimates her salary as a general
practitioner will be $8563 per month.
What is Kim's monthly economic loss from working as a physiotherapist? Assume the same fixed costs apply to both the physiotherapist
and general practitioner options, because the licences for physiotherapists and general practitioners cost the same amount of
money. Answer as a positive number to the nearest whole value (with no decimal places, $or - signs, spaces or commas).
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