Geralt works for Stregobor as a witcher earning $87,000 a year. He decides to quit his job and become a freelance witcher. As a freelancer, he spends $7000 on herbs and weapons. Insurance costs him $1000 a year. He pays himself $145,000 as a salary. His total revenues for the year are $191,000. Based on this information, what were his economic costs as a freelance witcher?

Geralt works for Stregobor as a witcher earning $87,000 a year. He decides to quit his job and become a freelance witcher. As a freelancer, he spends $7000 on herbs and weapons. Insurance costs him $1000 a year. He pays himself $145,000 as a salary. His total revenues for the year are $191,000. Based on this information, what were his economic costs as a freelance witcher?

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Labor Markets

Section: Chapter Questions

Problem 17SQ

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