A Manager in Charge of New Product Development Can Hire

question 56

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,how should a manager with an annual budget of $240,000,allocate this budget in order to maximize the number of new products developed?

• A)Hire three engineers and four market researchers.
• B)Hire three engineers and five market researchers.
• C)Hire five engineers and two market researchers.
• D)Hire four engineers and four market researchers.

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Definitions:

Fitness Center

A facility equipped with exercise machines, free weights, and areas for fitness classes and personal training, designed to improve physical health and wellness.

Recommendation Report

Recommendation Report is a document that outlines analyses and suggests solutions to a specific problem or situation based on investigated data.

Cardio Health

Refers to the well-being of the heart and the circulatory system, emphasizing the importance of maintaining a healthy lifestyle for cardiovascular fitness.

Consumer Reports

Independent, expert reviews and evaluations of consumer products and services, aimed at helping consumers make informed purchasing decisions.