A Manager in Charge of New Product Development Can Hire

question 80

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,if the manager has an annual budget of $140,000 and currently is hiring two engineers and three market researchers,then

• A)the last dollar spent on an engineer yielded more new products than the last dollar spent on a market researcher.
• B)the last dollar spent on a market researcher yielded more new products than the last dollar spent on an engineer.
• C)he is making the correct decision because engineers make more than market researchers.
• D)he is making the correct decision because the last market researcher hired was more productive than the last engineer hired.

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Definitions:

Natural Capital Degradation

The decline in the quality and quantity of natural resources such as air, water, and soil due to human activities or natural processes.

Economic Development

The process of improving the economic well-being and quality of life for a community, by increasing incomes and reducing poverty.

Pollution Cleanup

The removal of pollutants from the environment, including soil, water, and air, to reduce their harmful effects on human health and ecosystems.

Pollution Control Technology

Processes and equipment designed to reduce or eliminate the release of harmful substances into the environment.