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

$\begin{array}{cccc}
\text { Engineers }(E)&&\text { Market Researchers }(R)\
&\text { Additional }&&\text { Additional }\
\text { Worker } & \text { NewProducts } & \text { Worker } & \text { NewProducts }\
1^{\text {st }} & 50 & 1^{\text {st }} & 30 \
2^{\text {nd }} & 30 & 2^{\text {nd }} & 25 \
3^{\text {rd }} & 15 & 3^{\text {rd }} & 20 \
4^{\text {th }} & 10 & 4^{\text {th }} & 15 \
5^{\text {th }} & 8 & 5^{\text {th }} & 10
\end{array}$
-If the manager has an annual budget of $120,000, how should this budget be allocated in order to maximize the number of new products developed?

Question

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

$\begin{array}{cccc}
\text { Engineers }(E)&&\text { Market Researchers }(R)\
&\text { Additional }&&\text { Additional }\
\text { Worker } & \text { NewProducts } & \text { Worker } & \text { NewProducts }\
1^{\text {st }} & 50 & 1^{\text {st }} & 30 \
2^{\text {nd }} & 30 & 2^{\text {nd }} & 25 \
3^{\text {rd }} & 15 & 3^{\text {rd }} & 20 \
4^{\text {th }} & 10 & 4^{\text {th }} & 15 \
5^{\text {th }} & 8 & 5^{\text {th }} & 10
\end{array}$
-If the manager has an annual budget of $120,000, how should this budget be allocated in order to maximize the number of new products developed?

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 $30,000 and that of a market researcher is $20,000. The marginal contribution of engineers and market researchers are

$\begin{array}{cccc}
\text { Engineers }(E)&&\text { Market Researchers }(R)\
&\text { Additional }&&\text { Additional }\
\text { Worker } & \text { NewProducts } & \text { Worker } & \text { NewProducts }\
1^{\text {st }} & 50 & 1^{\text {st }} & 30 \
2^{\text {nd }} & 30 & 2^{\text {nd }} & 25 \
3^{\text {rd }} & 15 & 3^{\text {rd }} & 20 \
4^{\text {th }} & 10 & 4^{\text {th }} & 15 \
5^{\text {th }} & 8 & 5^{\text {th }} & 10
\end{array}$
-If the manager has an annual budget of $120,000, how should this budget be allocated in order to maximize the number of new products developed?

A Manager in Charge of New Product Development Can Hire