26) John is trying to decide how to divide his time between his job as a stocker

Question

26) John is trying to decide how to divide his time between his job as a stocker in the 26) local grocery store, which pays $7 per hour for as many hours as he chooses to work. and cleaning windows for the businesses downtown. He makes $2 for every window he cleans. John is indifferent between the two tasks, and the number of windows can clean depends on how many hours he spends cleaning in a day, as shown it table below: Hours Per Total Number Day Cleaning of Windows Cleaned 0 Windows 0 17 What is the lowest price per window that John would be willing to accept to spend 4 hours per day cleaning windows? A) $2 B) $11 D) $3.50

Explanation / Answer

Solution: $3.50

Working: The lowest price per window cleaned that would John would be willing to spend at 4 hour per day cleaning window = 7/(16-14) * 2 = $3.50

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