Question

Walter builds birdhouses. he spends $5 on the materials for each birdhouse. he can build one in 30 minutes. he is semi-retired but earns $8 per hour at the local hardware store. he can sell a birdhouse for $20 each. refer to scenario 13-11. an economist would calculate the total profit for one birdhouse to be

a. $7.
b. $11.
c. $12.
d. $15.

Answer 1

d is because 5 - 20 is 15 simple