Optimal Revenue An accounting firm has 900 hours of staff time and 155 hours of
Chapter 7, Problem 45(choose chapter or problem)
Optimal Revenue An accounting firm has 900 hours of staff time and 155 hours of reviewing time available each week. The firm charges $2500 for an audit and $350 for a tax return. Each audit requires 75 hours of staff time and 10 hours of review time. Each tax return requires 12.5 hours of staff time and 2.5 hours of review time. What numbers of audits and tax returns will yield an optimal revenue? What is the optimal revenue?
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