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Bill just returned from a duck hunting trip with eight ducks. Bill s friend, John, disapproves of duck hunting, and to discourage Bill from further
Bill just returned from a duck hunting trip with eight ducks. Bills 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
Total cost $
Cost per duck $: ducks $
Required:
Assuming the duck hunting trip Bill just completed is typical, what costs are relevant to a decision as to whether Bill should go suck hunting again this season? The types of cost included are travel expense, shotgun shells, one bottle of whiskey, hunting license, camper equipment
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?
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