As an IT manager, you must decide how to allocate programmers between "support"-that is, doing bug fixes and responding to production issues-and the development of new features and systems. Both tasks are measured in completed "tickets," and for each activity, the weekly average product, total product, and marginal product are given in the accompanying table. Ticket completions of both types are equally valued by your company. Your programmers work in teams of 10. Currently you allocate two teams (20 programmers) to support and three teams (30 programmers) to development. How should you reallocate your teams, if at all, to achieve the maximum number of competed tickets per week? Number of teams 0 1 2 3 4 5 Development: Support: [ AP 0 40 40 40 40 40 team(s) 1 team(s) Support TP 0 40 80 120 160 200 MP 40 40 40 40 40 AP 0 50 45 40 35 30 Development TP 0 50 90 120 140 150 MP 50 40 30 20 10

As an IT manager, you must decide how to allocate programmers between "support"-that is, doing bug fixes and responding to production issues-and the development of new features and systems. Both tasks are measured in completed "tickets," and for each activity, the weekly average product, total product, and marginal product are given in the accompanying table. Ticket completions of both types are equally valued by your company. Your programmers work in teams of 10. Currently you allocate two teams (20 programmers) to support and three teams (30 programmers) to development. How should you reallocate your teams, if at all, to achieve the maximum number of competed tickets per week? Number of teams 0 1 2 3 4 5 Development: Support: [ AP 0 40 40 40 40 40 team(s) 1 team(s) Support TP 0 40 80 120 160 200 MP 40 40 40 40 40 AP 0 50 45 40 35 30 Development TP 0 50 90 120 140 150 MP 50 40 30 20 10

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The goal of this activity is to help you better understand how the rational decision-making process applies in a realistic workplace scenario. First, hover over each term or phrase to read the description. Then, click and drag each term or phrase into the correct place in the rational decision-making process. Measuring performance Identify the problem or opportunity Consultants. Inclusive or exclusive Generate alternative. solutions Inclusive or exclusive Consultants Collecting data Evaluate alternatives and Implement and evaluate the solution chosen. select a solution Measuring performance Collecting data Reset 4
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The following are the P/E ratios (price of stock divided by projected earnings per share) for 20 banks. 50, 19, 22, 21, 25, 18, 31, 21, 19, 14, 15, 18, 17, 34, 29, 23, 14, 18, 22, 22 Send data to calculator Find 20" and 75" percentiles for these ratios. (a) The 20th percentile: (b) The 75th percentile:| Continue Cip 40 4- %23 %24 3. 6. 7. R. 00 %24
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