Table 11-6 -Refer to Table 11-6.Alicia Gregory Owns a Foot Massage Business.She

question 155

Essay

Table 11-6

-Refer to Table 11-6.Alicia Gregory owns a foot massage business.She leases 4 computer-controlled massage booths, for which she pays $125 per day.She cannot increase the number machines she leases without giving the manufacturer 3 months' notice.She can hire as many workers as she wants at a cost of $75 per day per worker.These are the only two inputs she uses in her business.Use this information to fill in the columns in the above table.

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Definitions:

Maximise

The process of increasing a particular variable or outcome to its highest possible value under given constraints.

Input

Resources used in the production process to create goods or provide services.

Proportions

The relationship between parts and a whole, often expressed as a ratio or fraction.

Factor 1

An element or component that contributes to a particular result or situation; can be considered as a contributing variable in different contexts.