A Manager in Charge of New Product Development Can Hire

question 12

Multiple Choice

A manager in charge of new product development can hire engineers and market researchers.The annual salary of an engineer is $30,000 and that of a market researcher is $20,000.The marginal contribution of engineers and market researchers are Given the above information,if the manager currently has two engineers and one market researcher,what must be true?

• A)He is making the correct decision because .
• B)He is not making the correct decision because .
• C)Fewer new products will be developed if he hires fewer engineers and more market researchers.
• D)More new products will be developed if he hires fewer engineers and more market researchers.

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Definitions:

Probability

Measurement of a degree of uncertainty, expressed as a number between 0 and 1.

Framing

The way information is presented or structured, which can influence perception and decision-making.

Losses

The negative outcomes or reductions experienced in various contexts, such as finance, personal well-being, or competitions.

Gains

Increases or improvements, often referenced in contexts such as productivity, knowledge, or physical attributes.