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A Business Owner Makes 50 Items by Hand in Six

question 143

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A business owner makes 50 items by hand in six hours. She could have earned $10 an hour working for someone else. If each item sells for $5 and the explicit costs total $14, accounting profit for 50 items is:


Definitions:

Spinal cord

The cylindrical bundle of nerve fibers and associated tissue that is enclosed in the spine and connects nearly all parts of the body to the brain.

Frontal lobe

The part of the brain located at the front of each cerebral hemisphere, associated with reasoning, motor skills, higher level cognition, and expressive language.

Motor activity

Physical movements and actions generated by the body's muscle system.

Brain

An organ of the central nervous system in vertebrates, located in the skull and functioning as the primary center for controlling bodily activities and cognitive functions.

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