Kristen and anna live in the beach town of santa monica, Ask an Expert

Economics

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?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707598

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