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You will find that some resources are labor-based while others are not. For example, let's say you had one person initially scheduled for a job and it was going to take ten days. Later on, you found that you could add another person on that job. If it is resource/ labor based, then the time would be reduced to five days. This is something that you need to be mindful of when creating your tables. Include with your assessment files your response to the following question:
• In one paragraph provide an example where the time for an activity would be reduced if you added more labor and an example where that would not be the case.
A manufacturer sells 150 tables a month at the price of $200 each. For each $1 decrease in price, he can sell 25 more tables. Each table costs $125 to make. (a) The demand (pric
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