A company is deciding where to assign its summer intern.The manager estimates that the intern can save $10,000 in the supply chain or increase sales (revenue)by $25,000.If sales (revenue)is divided into the three categories shown in the table,where should the manager assign the intern to maximize profits?
Definitions:
Equality-Efficiency Trade-Off
This concept deals with the balance or compromise between achieving a more equitable distribution of resources and maximizing economic efficiency.
Income Equality
A situation in which earnings are distributed evenly across members of a society, reducing income disparities.
Growing Income Inequality
The increasing gap in the distribution of income and wealth among individuals or households within a community or country.
Widening Wage Gap
The increasing difference in compensation between high-income and low-income workers.
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