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{"ops":[{"insert":"The revenue department of a state government employs certified public accountants (CPAs)\u00a0\nto audit corporate tax returns and bookkeepers to audit individual returns. CPAs are paid\u00a0\n$31,200 per year, while the annual salary of a bookkeeper is $18,200. Given the current\u00a0\nstaff of CPAs and bookkeepers, a study made by the department\u2019s economist shows that\u00a0\ndevoting one-year of a CPAs time to auditing corporate returns results in an average\u00a0\nadditional tax collection of $52,000. In contrast, the bookkeepers only achieve additional\u00a0\ntax collection of $41,600 per year of a bookkeeper\u2019s time.\ni) If the department\u2019s objective is to maximize tax revenue collected, is the present mix\u00a0\nCPAs and bookkeepers optimal? Explain.\nii) If the present mix of CPAs and bookkeepers is not optimal, explain what reallocation\u00a0\nshould be made. That is, should the department hire more CPAs and fewer bookkeepers\u00a0\nor vice-versa?\n"}]}

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