A manager in charge of new product development can hire engineers and market researchers.The annual salary of an engineer is $30,000 and that of a market researcher is $20,000.The marginal contribution of engineers and market researchers are Given the above information,if the manager currently has two engineers and one market researcher,what must be true?
A) He is making the correct decision because .
B) He is not making the correct decision because .
C) Fewer new products will be developed if he hires fewer engineers and more market researchers.
D) More new products will be developed if he hires fewer engineers and more market researchers.
Correct Answer:
Verified
Q21: Gigi consumes only Perrier and cheese.In order
Q22: In order to minimize the net cost
Q29: Whenever the additional revenue from the last
Q31: A toy manufacturer is experiencing quality problems
Q34: When the choice variable is a continuous
Q36: Use the following marginal benefit and marginal
Q37: If profits depend on both how much
Q38: A clinic uses doctors and nurses optimally
Q39: The optimization rule for unconstrained optimization is
Q40: A firm is deciding whether or not
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents