Hire another employee or buy another copier

Assignment Help Business Economics
Reference no: EM132436306

A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two months ago, the firm added two copiers, and output increased by 100K pages per day. One month ago, they added five workers, and productivity also increased by 50K pages per day. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?

Reference no: EM132436306

Questions Cloud

Change the percent of observations in the tails : Changing the mean of a Normal distribution by a moderate amount can greatly change the percent of observations in the tails.
Developing countries have experienced major compositional : In the past half century, the developing countries have experienced major compositional shifts from exports of primary products
What is the break-even price for the toy truck : If the estimated demand is 100,000 trucks, what is the break-even price for the toy truck? Should you shut down?
Explain Customer Relationship Management : Explain Customer Relationship Management,how you will incorporate CRM into your plan. Be sure to include a discussion on the role of technology
Hire another employee or buy another copier : Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
Will the new regulations shift the demand curve for cod : Will the new regulations shift the demand curve for cod? Will they shift the supply curve? Explain your answers.
State the short-term marketing objectives : State the features of your product. Show how it's innovative and different. Discuss legal and ethical implications that could affect the marketing process.
Whatever happened to object-oriented databases : Whatever Happened to Object-Oriented Databases?", do you agree with the position that an object-oriented database is a niche market?
Purpose of producing a maintenance report : What is the purpose of producing a maintenance report and why would you give the client a copy?

Reviews

Write a Review

Business Economics Questions & Answers

  What issues in consumer demand could have caused

Several years ago Coca Cola decided to change the formula for its major Coca-Cola product line. They used panel taste-test and branded the new product as "New Coke" It was a failure and the company lost major market share to another soft drink maker...

  What is the value price elasticity of demand

In a local market, the monthly price of Internet access service decreases from $25 to $15, and the total quantity of monthly accounts across all Internet access providers increases from 100,000 to 200,000. What is the value price elasticity of demand..

  Calculate the value of the GDP at market price

A economy produced the following final goods and services during a given year: 3 million pounds of food, 100,000 shirts, 20 houses, 10,000 hours of medical services, 10 automobile plant, and 2 tanks. Calculate the value of the GDP at the following ma..

  Inverse demand-find the limit output for fixed costs

Suppose that inverse demand is given by D(Q) = 56 − 2Q, Q = q1 + q2 and the cost function is TC(qi ) = 20qi + f Find the Stackelberg equilibrium and compare it to the Cournot equilibrium. 6. Demand and costs are as given in the preceding question. (a..

  Demand for a certain product of a given company

After extensive data analysis it has been determined that the weekly demand for a certain product of a given company is normally distributed

  Money to be initially deposited into the banking system

There are two ways for money to be initially deposited into the banking system.

  Distinguish between cost-push and demand-pull inflation

it is relatively easy to distinguish between cost-push and demand-pull inflation even if you don't know the source of the inflation. a supply shock will cause a variation of demand-pull inflation that can lead to hyperinflation.

  Make decisions that effect fixed and variable costs

Here is a chance for each of you to apply what we are learning to your real life. If you are a business owner, a manger in a business, a department head and there are lots of you in the class, you have a budget and you make decisions that effect fixe..

  Us population of landscape gardeners

A research study examined the blood vitamin D levels of the entire US population of landscape gardeners. The population average level of vitamin D

  Determine how much the consumption of this good will change

Suppose the own price elasticity of demand for good X is -4, its income elasticity is 3, its advertising elasticity is 4, and the cross-price elasticity of demand between it and good Y is 4. Determine how much the consumption of this good will change..

  What laws are relevant to weight and appearance

How might seemingly legitimate appearance requirements result in illegal discrimination? What should organizations do to minimize the likelihood

  Which swimmer should be assigned to every of the four stroke

The coach wishes to Conclude how to assign four swimmers to the four different strokes to minimize the sum of the corresponding best times.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd