The Following Schedule Shows How Many Jars of Jaynie's Jam

question 37

Multiple Choice

The following schedule shows how many jars of Jaynie's Jam can be produced daily with various amounts of labor (assume that the jam is sold in a competitive price-taker market) .

If Jaynie must pay each worker $65 per day and she can sell her jam for $10 per jar, how many workers should she hire if she wants to maximize profits?

• A) 3
• B) 4
• C) 5
• D) 6

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Definitions:

Internal Programmers

Developers or coders who are employed within an organization to create and maintain its computer software and systems.

JIT

Just-In-Time, a management strategy that aligns raw-material orders from suppliers directly with production schedules, aimed at reducing inventory costs.

Downstream

Refers to activities or processes that happen after the initial production phase, often relating to the distribution, refining, and retailing of products.

SCM Systems

Supply Chain Management systems, software solutions designed to manage and optimize the flow of goods, services, and information from supplier to customer.