Afactory produces short-sleeved and long-sleeved shirts. a short-sleeved shirt requires 30 minutes of labor, a long-sleeved shirt requires 45 minutes of labor, and 240 hours of labor are available per day. the maximum number of shirts that can be packaged in a day is 400, so no more than 400 shirts should be produced. if the profits on a short-sleeved and a long-sleeved shirt are $11 and $16, respectively, find the maximum possible daily profit?

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.