00:01
Hello students, let us solve the problem.
00:02
Richard wants to use knitting skills to make little extra money so he can enjoy a theater weekend with the bestie.
00:10
She got a patent down for a hat, scarf, and mittens.
00:14
But she realized that her available items are limited.
00:17
She should be able to sell as many items as she can make.
00:21
They sell $15 but she has 20 hours available.
00:25
Between now and her theater outing scenes below the cost of a time information, hat, scarf, mittens times are 20, 30, 40.
00:33
Cost of yarns per unit will be 4, 6, and 4.
00:38
Using an extra shovel, calculate how many each item richard should make in order to minimize her contribution margin given in her time constraint.
00:47
Number of units of an item is to be produced.
00:51
So this is our question.
00:52
Let us start solving this.
00:57
So our first step is to calculate the contribution margin per unit of scores resources...