A school is looking to hire teachers and TAs to fill its staffing needs for itssummer program at minimum cost. The average monthly salary of a teacher is$2400 and the average monthly salary of a TA is $1100. The program canaccommodate up to 45 staff members, needs at least 30 to run properly, andmust have teachers (they will NOT employee only TAs...as much as it makespurely economic sense). They must have at least 10 TAs and may have up to 3TA's for every 2 teachers. How many teachers and TAs the should theprogram hire to minimize costs. What is the minimum cost?

A Small Introduction about Minimize Cost Cost minimization just infers that organizations are…

Answered: A school is looking to hire teachers…

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A Small Introduction about Minimize Cost

Cost minimization just infers that organizations are augmenting their usefulness or utilizing the most reduced expense measure of contributions to deliver a particular result.
In the short run, firms have fixed data sources, similar to capital, giving them less adaptability than over the long haul.
Cost minimisation is a monetary system that plans to accomplish the savviest approach to conveying labour and products to the required level of value.
It is vital to recall that cost minimisation isn't tied in with lessening quality or scamming clients - it generally stays vital to address client issues.