Explore BrainMass
Share

Finding optimal combination of Engineers and Researchers

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

See the attached file.
A manager in charge of the development of new products could hire engineers and market researchers. The annual salary for an engineer is $ 40,000 while a market researcher receives $ 20.000. The marginal contribution of both is given in the table below. Determine what combination of engineers and market Researchers the company would use to maximize the new products with a budget of $ 140,000.

Engineer (E) Marker Researcher (R)
Additional Additional
Worker New Products Worker New Products

1st 240 1st 80
2nd 200 2nd 70
3rd 160 3rd 60
4th 100 4th 50
5th 40 5th 40.

© BrainMass Inc. brainmass.com October 17, 2018, 2:37 am ad1c9bdddf
https://brainmass.com/economics/personal-finance-savings/finding-optimal-combination-engineers-researchers-389078

Attachments

Solution Preview

Please refer attached file for better clarity of tables.

Engineer (E) Market Researcher R
Worker New Products Worker New Products
N MPE WE MPE/WE N MPR WR MPR/WR
1 240 40000 0.0060 1 80 20000 0.0040
2 200 40000 0.0050 2 70 20000 0.0035
3 160 40000 0.0040 3 60 20000 0.0030
4 100 40000 0.0025 4 50 20000 0.0025
5 40 ...

Solution Summary

Solution provides step-by-step methodology to find the optimal combination of engineers and market researchers.

$2.19
Similar Posting

Amazon Company Review: Operations & Tech

Conduct a search of Amazon and its online communities, networking sites, and blogs to report company performance, employment practices, employee reviews, coupon offering, price comparisons, or other information that could either hurt or help Amazons reputation and/or profits.

Directions:
1. Write a short summary about the company Amazon .
2. Write a brief summary of the sites used to evaluate the use of technology at Amazon.
3. Describe how perceptions of the Amazon may or may not have changed after conducting the online research in step 2. From a consumer's point of view, be sure to include how the research influenced people from a collaborative theory perspective.
4. From the completed research , predict the impact that technology-enabled communities and/or social networking can have on Amazon.
5. Recommend strategies that Amazon may use to manage the online information that is on the Internet.

View Full Posting Details