Suppose That a Constraint for Assembly Time Has a Shadow

question 31

Essay

Suppose that a constraint for assembly time has a shadow price of $50/hour for 15 hours in either direction and that all available assembly time is currently used (would require overtime to do more). If the salary of workers is $30 and they receive 50% extra pay for overtime what should management do?

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Definitions:

Observing

The act of carefully watching or monitoring something or someone to gain information.

Participating

The action of taking part in an activity or event, often contributing towards a common goal or for mutual benefit.

Molecular Anthropology

A branch of anthropology that uses genetic and genomic data to study the evolutionary relationships and genetic diversity of humans and their relatives.

Genetic Relationships

These refer to the connections between organisms based on their genetic material, indicating how closely related they are.