Consider the most constrained resource you have: Your time. The bottleneck is 24 hours (the amount you and everyone else has in any given day). After considering time spent sleeping, eating, and working, you are left with eight hours per week of extra time, which you may spend working as a CPA or playing the piano. As a CPA, your potential earnings per hour are $125.00, while as a pianist your potential earnings per hour are $55.00. The variable cost per direct labor hour of your time is $25.00.

	Working as a CPA					Play Piano
Potential Earnings per hour		$	125.00			$	55.00
Variable cost per hour		$	25.00			$	25.00
Contribution margin		$	100.00			$	30.00
Personal demand			10	hours			3	hours

a. Based on the data in the table above, how many hours should you spend working as a CPA each week? (Pretend the available hours are consecutive hours.) b. You find that you retain less information the longer you work, such that the variable cost of each hour of working actually doubles with each additional hour spent working. Given this new information, how many hours should you spend working as a CPA each week? (Pretend the available hours are consecutive hours.)