o make extra money at school, Sofia starts a house painting business. Sofia’s start-up costs are $480 (including permits and license fee). Additionally, Sofia must purchase painting supplies for each house at a cost of $520 per house. Sofia charges her customers $2,400 per house. It takes 48 hours of working time to paint a house. Sofia has 24 hours a week to dedicate to her painting business. She works every week for one year (52 weeks). Sofia can hire a maximum of 2 other painters to join her team. Each painter works 24 hours per week and she pays each painter $18 per hour. Assume there is only one team of workers (that always includes Sofia), and that her work is so good, she keeps getting offers for jobs. Assume Sofia does not pay herself a salary, but instead earns all profits of the business. *Working by herself, Sofia earns a profit of____? *Working with one employee, Sofia earns a profit of____? *Working with two employees, Sofia earns a profit of____?
To make extra money at school, Sofia starts a house painting business. Sofia’s start-up costs are $480 (including permits and license fee). Additionally, Sofia must purchase painting supplies for each house at a cost of $520 per house. Sofia charges her customers $2,400 per house. It takes 48 hours of working time to paint a house. Sofia has 24 hours a week to dedicate to her painting business. She works every week for one year (52 weeks). Sofia can hire a maximum of 2 other painters to join her team. Each painter works 24 hours per week and she pays each painter $18 per hour. Assume there is only one team of workers (that always includes Sofia), and that her work is so good, she keeps getting offers for jobs. Assume Sofia does not pay herself a salary, but instead earns all profits of the business.
*Working by herself, Sofia earns a profit of____?
*Working with one employee, Sofia earns a profit of____?
*Working with two employees, Sofia earns a profit of____?
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