o ezto.mheducation.com/hm.tpx Question 1 (of 7) value: 5.14 points Bill has just

Question

o ezto.mheducation.com/hm.tpx Question 1 (of 7) value: 5.14 points Bill has just returned from a duck hunting trip. He has brought home eight ducks. Bill's friend. John disapproves of duck hunting, and to discourage Bill from further hunting. John has presented him with the following cost estimate per duck Camper and equipment $ 130 Cost, $1,300; usable for eight seasons; 10 hunting trips per season Travel expense (pickup truck) 100 miles at S0.40 per mile (gas, oil, and tires-0.28 per mile: depreciation and insurance -$0.12 per mile) Shotgun shells (two boxes) Boat 40 20 27 7 24 15 $223 $ 28 Cost, $2.160, usable for eight seasons: 10 hunting trips per season Hunting license: Cost, $70 for the season; 10 hunting trips per season Money lost playing poker: Loss, $24 (Bill plays poker every weekend) Bottle of whiskey Cost, $15 (used to ward off the cold) Total cost Cost per duck ($223 ÷ 8 ducks)

Explanation / Answer

1. camper and equipment (1300/(8X10) 16.25

2. Travel expense (.28X100) 28

3. boat (2160/(8X10) 27

4. hunting license 7

5. Money lost -

6. bottle of whiskey 15

Total cost 93.25

Cost per duck (93.25/8) 11.66

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