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. the explicit cost for one birdhouse is

Answer 1

All bird houses = $5
Time to build each house =30 minutes
Wages per hour = $8
End sale of each bird house =$20
Explicit cost of each bird house =$ 15