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A Manager in Charge of New Product Development Can Hire

question 31

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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: 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 $140,000,allocate this budget in order to maximize the number of new products developed? A) Hire one engineer and five market researchers B) Hire two engineers and three market researchers C) Hire three engineers and one market researcher D) Hire four engineers and four market researchers Based on the above information,how should a manager with an annual budget of $140,000,allocate this budget in order to maximize the number of new products developed?

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Definitions:

Anticipation Stage

The phase in project or personal development where preparation and expectations for future events or changes are made.

Capability

The ability or qualifications to achieve something or carry out a task effectively.

Learning Curve

A graphical representation of how an individual's or organization's performance improves over time with experience and learning.

Discovery Zone

relates to an environment or phase where exploration and learning new information or concepts take place.

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