Q2 Michelle is in shoe industry. She has 10 regular employees and 3 seasonal/hourly employees, working three days a week. Each regular employee is paid 12k/mo., while seasonal/hourly employee is @ 50/hr. four hours per day. She is paying a rent for the place at 25k; insurance at 100k, and taxes at 150k. a) Compute for the total Fixed costs and the total variable cost. b) How much all in all is the Total Costs?

Q2 Michelle is in shoe industry. She has 10 regular employees and 3 seasonal/hourly employees, working three days a week. Each regular employee is paid 12k/mo., while seasonal/hourly employee is @ 50/hr. four hours per day. She is paying a rent for the place at 25k; insurance at 100k, and taxes at 150k. a) Compute for the total Fixed costs and the total variable cost. b) How much all in all is the Total Costs?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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