Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Theres a lady that enjoys making crafts. Another lady has admired her work and has asked her to make 100 identical items for her upcoming

Theres a lady that enjoys making crafts. Another lady has admired her work and has asked her to make 100 identical items for her upcoming wedding. The craft lady has been playing around with the design and has assembled a few prototypes. She has recorded how long it has taken to make a few of them. Item Time to Create 1 20 minutes 3 10 minutes 6 6.5 minutes The lady would like to earn $15.00 per hour for her efforts. How much should she charge for each item she made. (She made a total of 100)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance With Monte Carlo

Authors: Ronald W. Shonkwiler

2013th Edition

146148510X, 978-1461485100

More Books

Students also viewed these Finance questions

Question

How would you rank the others?

Answered: 1 week ago