A Manager in Charge of New Product Development Can Hire

question 72

Multiple Choice

A manager in charge of new product development can hire engineers and market researchers.The annual salary of an engineer is $40,000 while a market researcher receives $20,000.The marginal contribution of engineers and market researchers are: Based on the above information,how should a manager with an annual budget of $240,000,allocate this budget in order to maximize the number of new products developed?

• A)Hire three engineers and four market researchers.
• B)Hire three engineers and five market researchers.
• C)Hire five engineers and two market researchers.
• D)Hire four engineers and four market researchers.

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Definitions:

Breach of Contract

A violation of any agreed-upon terms or conditions in a contract.

Anticipatorily Repudiated

A declaration made by a party to a contract indicating they will not fulfill their future obligations under the contract before the performance is due.

Remedial Measures

Actions taken to correct or mitigate a problem, often used in legal and environmental contexts to address violations or damages.

Specific Performance

A court-ordered remedy that requires a party to perform their specific duties under a contract rather than providing monetary compensation.