(Solution) - Joyful Novelties has the capacity to produce either 30 000 cornc -(2025 Original AI-Free Solution)

Paper Details

Joyful Novelties has the capacity to produce either 30,000 corncob pipes or 14,000 cornhusk dolls per year. The pipes cost $4 each to produce and sell for $7 each. The dolls sell for $11 each and cost $5 to produce.
Required
Assuming that Joyful Novelties can sell all it produces of either product, should it produce the corncob pipes or the cornhusk dolls? Show computations to support your answer.