Little Bikes, Inc., sells tricycles, in partially-assembled and fully assembled forms. Parents who assemble their own tricycles benefit from the lower price of $40 per tricycle. "Full-service" customers enjoy the luxury of an assembled tricycle, but pay a higher price of $60 per tricycle. Both partially and fully assembled tricycle prices are stable. The company has observed the following relation between the numbers of assembly workers employed per day and assembled tricycle output:
|
Number of Workers per Day
|
Finished Tricycles
|
|
0
|
0
|
|
1
|
8
|
|
2
|
14
|
|
3
|
18
|
|
4
|
21
|
|
5
|
23
|
How many assemblers would Little Bikes employ at a daily wage rate of $100? What is the highest daily wage rate Little Bikes would pay to hire 3 assemblers per day?