A manager in charge of new product development can hire engineers and market res

Question

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 Engineers (E) Market Researchers (R) Worker Additional New Products Worker Additional New Products 1st 50 1st 30 2nd 30 2nd 25 3rd 15 3rd 20 4th 10 4th 15 5th 8 5th 10 If the manager has an annual budget of $120,000, how should this budget be allocated in order to maximize the number of new products developed? Answer Hire two engineers and one market researcher. Hire two engineers and three market researchers. Hire three engineers and two market researchers. Hire three engineers and four market researchers.

Explanation / Answer

do rate :):) answer is Hire three engineers and two market researchers.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.