Use the following to answer questions: 
-(Table: Workers and Output) Look at the table Workers and Output. After graduation you achieve your dream of opening an art shop that specializes in selling mud statues. You pay $10 per day on a loan from your uncle, and regardless of how much you produce, you pay $10 per day to each of the workers who make the mud statues. The variable cost of producing 48 statues is:
Definitions:
Debt-Equity Ratio
The financial ratio reflects how shareholders' equity and debt equally contribute to asset financing.
Yield-To-Maturity
An estimate of the total return expected on a bond if the bond is held until the date it matures.
WACC
Weighted Average Cost of Capital; a calculation of a firm's cost of capital in which each category of capital is proportionately weighted.
Return on Assets
A financial ratio indicating how profitable a company is relative to its total assets, used to assess how efficiently a company uses its assets to generate earnings.
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