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Economics 19th Edition by Stanley Brue, Cambell McConnell, Campbell McConnell, Sean Masaki Flynn, Sean Flynn
Edition 19ISBN: 978-0076601783Economics 19th Edition by Stanley Brue, Cambell McConnell, Campbell McConnell, Sean Masaki Flynn, Sean Flynn
Edition 19ISBN: 978-0076601783 Exercise 2
Pham can work as many or as few hours as she wants at the college bookstore for $9 per hour. But due to her hectic schedule, she has just 15 hours per week that she can spend working at either the bookstore or at other potential jobs. One potential job, at a cafe, will pay her $12 per hour for up to 6 hours per week. She has, another job offer at a garage that will pay her $10 an hour for up to 5 hours per week. And she has a potential job at a day care center that will pay her $8.50 per hour for as many hours as she can work. If her goal is to maximize the amount of money she can make each week, how many hours will she work at the bookstore
Explanation
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To maximise the money making, she has to work the available 6 hours a week in Café as it is the highest paid potential job
After that, she has to work in Garage for 5 hours a week as it is the second highest paid potential job.
Out of the Available 15 hours a week, she spent 6 hours in Café and 5 Hours in Garage which constituteS11 hours. Hence, she could work the remaining 4 hours in book store as it is the high paid job compared to the day care centre.
After that, she has to work in Garage for 5 hours a week as it is the second highest paid potential job.
Out of the Available 15 hours a week, she spent 6 hours in Café and 5 Hours in Garage which constituteS11 hours. Hence, she could work the remaining 4 hours in book store as it is the high paid job compared to the day care centre.
Economics 19th Edition by Stanley Brue, Cambell McConnell, Campbell McConnell, Sean Masaki Flynn, Sean Flynn
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