Question 4 Not complete Marked out of 10.00 Flag question Allocation of scarce resources Since LaNora White graduated with an accounting degree, she has obtained significant experience in a variety of job settings. Her skills include White currently has her own practice, and her skills are in such demand that she limits her practice to taxation issues. Most of her engagemen taxation, or corporate taxation. Following are data pertaining to the revenues and costs of each tax area (per tax return): Individual Estate Corporate Revenue Variable cost $350 $1,200 $50 $200 $750 $150 Hours per return of White's time 2 8 5 Fixed costs of operating the office are $80,000 per year. White has such significant demand for her work that she must ration her time. She de can allocate her time so that she works only on one type of tax return or on any combination of the three types. a. How should White allocate her time in the coming year to maximize her income? Individual; Estate: Corporate: Hours Worked b. Based on the optimal allocation, what is White's projected pre-tax income for the coming year? $