A portrait painter has been asked to do far more portraits in the next three months than she has time to paint during that time period. To rank the possible portraits in order of their profitability, she should divide each portrait's estimated incremental profit by the amount of time she estimates it will take to paint the portrait.

Question

Quizplus · Accepted Answer

By ranking the portraits based on their estimated incremental profit per unit of time, the portrait painter can optimize her use of time and focus on the most profitable portraits first. This method takes into account both the revenue potential of each portrait and the amount of time required to complete it, allowing the painter to make informed decisions about which portraits to prioritize.

A Portrait Painter Has Been Asked to Do Far More