21 Jul HOW SHOULD THEY SPLIT THEIR TIME BETWEEN WRISTBANDS AND POT HOLDERS?
Kristen and Anna live in the beach town of Santa Monica. They own a small business in which they mak Show more Kristen and Anna live in the beach town of Santa Monica. They own a small business in which they make wristbands and pot holders and sell them to people on the beach. Kristen can make 15 wristbands per hour but only 3 pot holders. Anna is a bit slower and can make only 12 wristbands or 2 pot holders in an hour. Suppose that Kristen and Anna can sell all of their wristbands for $1 each and all their pot holders for $5.50 each. If each of them worked 20 hours per week How should they split their time between wristbands and pot holders? What is their maximum joint revenue? Show less
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