Russell has a business creating metal pieces of art. His supplies, rent, insurance, etc. cost him $5,000 per year. His machines and tools were inherited from his father, and were recently appraised to be worth $40,000. He also inherited the shop he works in and has been offered $15,000 per year to rent outthe shop if he doesn't use it.Russell is trained as a welder and has been offered work at $30 per hour for any number of hours he wishes. Russell currently works 2,000 hours in his own shop and he can produce 860 art pieces in that time. He currently works 500 hours at the $30 per hour job. Russell has a business creating metal pieces of art. His supplies, rent, insurance, etc. cost him $5,000 per year. His machines and tools were inherited from his father, and were recently appraised to be worth $40,000. He also inherited the shop he works in and has been offered $15,000 per year to rent outthe shop if he doesn't use it.Russell is trained as a welder and has been offered work at $30 per hour for any number of hours he wishes. Russell currently works 2,000 hours in his own shop and he can produce 860 art pieces in that time. He currently works 500 hours at the $30 per hour job.