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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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