Purchase Solution

optimize your Human Resources and Production decisions

Not what you're looking for?

Ask Custom Question

After a study done a company shows a table below summarizes the results from the study:

This is based on 5 untis of capital is currently used. Workers are paid at $50.00 per unit. Per unit capital costs are $10.00 and a product is sold for $5.00 each. Given this information optimize your Human Resources and Production decisions. Do you anticipate earning a profit or a loss. Explain.?

Labor Output
0 0
1 10
2 30
3 60
4 80
5 90
6 95
7 95
8 90
9 80
10 60
11 30

Purchase this Solution

Solution Summary

Ideas are presented on how to optimize your Human Resources and Production decisions.

Purchase this Solution


Free BrainMass Quizzes
Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.