Kim and pat underwrite insurance each underwrites 50, Ask an Expert

Economics

Kim and Pat underwrite insurance. Each underwrites 50 accounts per month. Each account takes four hours to underwrite. The value of their time is $40 per hour. Monthly costs for each are $1,500 for an office, $2,000 for a receptionist, and $2,400 for a secretary. Calculate the average and incremental cost per case for Kim and Pat.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91995812

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