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Richard Casper owns the Fredonia Barber Shop. He employs five barbers and pays each a base vrate of $1,000 per month. One of the barbers

Richard Casper owns the Fredonia Barber Shop. He employs five barbers and pays each a base vrate of $1,000 per month. One of the barbers serves as the manager and receives an extra $500 per month. In addition to the base rate, each barber also receives a commision of $5.50 per haircut. Advertising $200 per month Rent $900 per month Barber Utilities $0.30 per haircut Utilities $175 per month plus$0.20 per haircut Magazines $25 Richard currentl charges $10 per haircut

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