Business Week, in an article dealing with management, wrote, "When he took over the furniture factory three years ago...[the manager] realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap. Within a few weeks, he set up a task force of managers to deal with the problem. And within a few months, they reduced the amount of scrap to $7000 worth [per year]." Was this necessarily an economically efficient move?© BrainMass Inc. brainmass.com September 18, 2018, 11:10 pm ad1c9bdddf - https://brainmass.com/economics/managerial-economics/is-this-example-an-economically-efficient-move-350978
Uncertain, it depends on how much he pays the managers to deal with the problems. ...
Is this example an economically efficient move?