Murphy's,Inc

question 109

Essay

Murphy's,Inc.has the following production and cost data for two of its products,Standard and Deluxe:
A total of 80,000 hours is available each period for the production of the two products.The demand for both products is strong and Murphy will be able to sell as many of either product as it can produce.Ignoring qualitative issues,which of the two products should Murphy produce?

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Definitions:

Stronger Your Needs

Intensifying the personal requirements or drives that motivate individuals to act in certain ways.

Less Motivated

Describes a decreased level of drive or interest in performing tasks or pursuing goals, compared to a higher level of motivation.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Needs Hierarchy

A theory by Abraham Maslow that suggests human needs are arranged in a hierarchy from most to least pressing, influencing motivation and behavior.