Bob has just returned from a duck hunting trip He has brought home eight ducks Bob friend, Jill, disapproves of duck hunting, and to discourage Bob from further hunting, Jill has presented him with the following cost estimate per duck:
Camper and equipment: Cost, $19,800; usable for eight seasons; 10 hunting trips per season$24750
Travel expense (pickup truck): 100 miles at $038 per mile (gas, oil, and tiresâ€”$020 per mile; depreciation and insurance â€”$018 per mile) 3800
Shotgun shells (two boxes) 2000
Boat: Cost, $2,720, usable for eight seasons; 10 hunting trips per season 3400 Hunting license: Cost, $70 for the season; 10 hunting trips per season 700
Money lost playing poker: Loss, $32 (Bob plays poker every weekend) 3200
Bottle of whiskey: Cost, $25 (used to ward off the cold) 2500
Total cost$40350 Cost per duck ($40350 Ã· 8 ducks)$5044
Required:1Assuming that the duck hunting trip Bob has just completed is typical, what costs are relevant to a decision as to whether Bob should go duck hunting again this season?
2Suppose that Bob gets lucky on his next hunting trip and shoots 10 ducks in the amount of time it took him to shoot 8 ducks on his last trip How much would it have cost him to shoot the last two ducks?