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Bill has just returned from a duck hunting trip. He brought home eight ducks. Bill's friend, John, disapproves of duck hunting, and to discourage Bill
Bill has just returned from a duck hunting trip. He brought home eight ducks. Bill's friend, John, disapproves of duck
hunting, and to discourage Bill from further hunting, John presented him with the following cost estimate per duck:
Camper and equipment:
Cost, $; usable for eight seasons; hunting $
trips per season
Travel expense pickup truck:
miles at $ per mile gas oil, and tires $
per mile; depreciation and insurance $ per mile
Shotgun shells two boxes per hunting trip
Boat:
Cost, $ usable for eight seasons; hunting
trips per season
Hunting license:
Cost, $ for the season; hunting trips per season
Money lost playing poker:
Loss, $Bill plays poker every weekend whether he
goes hunting or stays at home
Bottle of whiskey:
Cost, $ per hunting trip used to ward off the cold cotal cost Cost per duck ducks
Required:
Assuming the duck hunting trip Bill has just completed is typical, what costs are relevant to a decision as to whether
Bill should go duck hunting again this season?
Suppose Bill gets lucky on his next hunting trip and shoots ducks using the same amount of shotgun shells he
used on his previous hunting trip to bag ducks. How much would it have cost him to shoot the last six ducks?
Complete this question by entering your answers in the tabs below.
Assuming the duck hunting trip Bill has just completed is typical, what costs are relevant to
a decision as to whether Bill should go duck hunting again this season?
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