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

Question

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

Quizplus · Accepted Answer

The Answer of 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

A Manager in Charge of New Product Development Can Hire