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Table 4.1 reports Luna's weekly expenses. Suppose that wages are 5% higher. Table 4.1 Short-run weekly expenses Meals per week Rent (S) Equipment leasing (5)
Table 4.1 reports Luna's weekly expenses. Suppose that wages are 5% higher.
Table 4.1 Short-run weekly expenses Meals per week Rent (S) Equipment leasing (5) Salaries (5) Wages (S) 2,000 500 Cost of supplies (S) Total (S) 100 4,000 2,000 3,600 500 0 4.000 10,100 200 2,000 3,600 500 1,000 11,100 300 4,000 2.000 3,600 500 2,000 400 5,500 12,100 2,000 3.600 500 3.000 7,000 14,600 500 2,000 3,600 500 4,000 600 8,500 17,100 2,000 4,950 500 5,000 700 10,000 20,950 2 000 6.750 500 6.000 11,550 25,250 800 2 000 9.200 500 7,000 13,050 30,250 900 2.000 11 900 500 8,000 14,$50 35,450 15,500 9.000 41,350Step by Step Solution
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