3. A skilled carpenter named B can make a chair in five hours. It would take me eight hours to make a chair. B is skilled also at preparing tax returns for people. B can prepare a tax return in thirty minutes. It would take me an hour to prepare a tax return. If we want to make two chairs and prepare tax returns for ten people, then how can we divide the work so that we finish it in the least amount of time? Answers: B should make one chair and prepare 9 tax returns. I should make one chair and prepare 1 tax return. B should prepare the ten tax returns and I should make the two chairs. B should make the two chairs and I should prepare the ten tax returns. B should make both chairs and prepare all ten tax returns, because B can do both faster than I can.
3. A skilled carpenter named B can make a chair in five hours. It would take me eight hours to make a chair. B is skilled also at preparing tax returns for people. B can prepare a tax return in thirty minutes. It would take me an hour to prepare a tax return. If we want to make two chairs and prepare tax returns for ten people, then how can we divide the work so that we finish it in the least amount of time? Answers: B should make one chair and prepare 9 tax returns. I should make one chair and prepare 1 tax return. B should prepare the ten tax returns and I should make the two chairs. B should make the two chairs and I should prepare the ten tax returns. B should make both chairs and prepare all ten tax returns, because B can do both faster than I can.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![3. A skilled carpenter named B
can make a chair in five hours. It
would take me eight hours to
make a chair. B is skilled also at
preparing tax returns for people.
B can prepare a tax return in
thirty minutes. It would take me
an hour to prepare a tax return.
If we want to make two chairs
and prepare tax returns for ten
people, then how can we divide
the work so that we finish it in
the least amount of time?
Answers:
B should make
one chair and
prepare 9 tax
returns. I should
make one chair
and prepare 1 tax
return.
B should prepare
the ten tax returns
and I should make
the two chairs.
B should make the
two chairs and I
should prepare
the ten tax returns.
B should make
both chairs and
prepare all ten tax
returns, because B
can do both faster
than I can.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F83896631-9b99-4e61-8b25-49366b403f58%2Fb13a0385-6d38-4df2-b1b9-6527f6d8b03f%2Fcgf527_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3. A skilled carpenter named B
can make a chair in five hours. It
would take me eight hours to
make a chair. B is skilled also at
preparing tax returns for people.
B can prepare a tax return in
thirty minutes. It would take me
an hour to prepare a tax return.
If we want to make two chairs
and prepare tax returns for ten
people, then how can we divide
the work so that we finish it in
the least amount of time?
Answers:
B should make
one chair and
prepare 9 tax
returns. I should
make one chair
and prepare 1 tax
return.
B should prepare
the ten tax returns
and I should make
the two chairs.
B should make the
two chairs and I
should prepare
the ten tax returns.
B should make
both chairs and
prepare all ten tax
returns, because B
can do both faster
than I can.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
![Managerial Economics & Business Strategy (Mcgraw-…](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education