Aaron has an option to choose from four forms of employment: full-time, part-time, contractor or self-employed. The opportunity cost of working hours for Aaron is $10/hour. Aaron receives travel allowances depending on his employment choice, which reduces his travel cost accordingly. Forms of employment Full-time Working hours (hours/day) 8 hours 6 hours 5 hours 4 hours Travel cost ($/day) $5 $10 $10 $35 Part-time Contractor Self-employed Using the Multipoint curve drawing tool, draw the total cost curve and label it. Carefully follow the instructions above and only draw the required object. Total cost ($ per day) 100- 95 90- 85- 65- 60- 55 50 Full-time Part-time Contractor Forms of employment G Self-employed

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Aaron has an option to choose from four forms of employment: full-time, part-time, contractor or
self-employed. The opportunity cost of working hours for Aaron is $10/hour. Aaron receives travel
allowances depending on his employment choice, which reduces his travel cost accordingly.
Forms of
employment
Full-time
Working hours
(hours/day)
8 hours
Travel cost
($/day)
$5
$10
$10
$35
Part-time
6 hours
Contractor
5 hours
Self-employed
4 hours
Using the Multipoint curve drawing tool, draw the total cost curve and label it.
Carefully follow the instructions above and only draw the required object.
Total cost ($ per day)
100-
95-
90-
65-
60-
55-
50-
Full-time Part-time Contractor
Forms of employment
Self-employed
Transcribed Image Text:Aaron has an option to choose from four forms of employment: full-time, part-time, contractor or self-employed. The opportunity cost of working hours for Aaron is $10/hour. Aaron receives travel allowances depending on his employment choice, which reduces his travel cost accordingly. Forms of employment Full-time Working hours (hours/day) 8 hours Travel cost ($/day) $5 $10 $10 $35 Part-time 6 hours Contractor 5 hours Self-employed 4 hours Using the Multipoint curve drawing tool, draw the total cost curve and label it. Carefully follow the instructions above and only draw the required object. Total cost ($ per day) 100- 95- 90- 65- 60- 55- 50- Full-time Part-time Contractor Forms of employment Self-employed
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