Clean-Well Case A Clean-Well Store is located on a small town in Mindanao. It sells sanitation wares and known for low cost but quality wares. The manager Brad Constantine use to hire OJT from a well-known Technical School (TS). They stay for three to six months for business operation internship and go on to full-time employment in large stores in major cities in Mindanao. International Business College (IBC) and the St. Luke College (SLC) both produce highly competent business graduates and Brad has discovered that productivity is higher if he hires interns from these schools, instead of from just one. Brad compiled over the past few years the performance of the three groups of students. Labor 0 1 2 3 4 5 6 7 8 9 10 TS 0 3 6 9 12 16 21 27 29 32 22 IBC 0 1 2 3 6 12 21 33 48 48 43 SLC 0 2 5 9 17 29 45 71 107 107 105 Capital 50 50 50 50 50 50 50 50 50 50 50 What does the information convey to Mr. Constantine?
Clean-Well Case A Clean-Well Store is located on a small town in Mindanao. It sells sanitation wares and known for low cost but quality wares. The manager Brad Constantine use to hire OJT from a well-known Technical School (TS). They stay for three to six months for business operation internship and go on to full-time employment in large stores in major cities in Mindanao. International Business College (IBC) and the St. Luke College (SLC) both produce highly competent business graduates and Brad has discovered that productivity is higher if he hires interns from these schools, instead of from just one. Brad compiled over the past few years the performance of the three groups of students. Labor 0 1 2 3 4 5 6 7 8 9 10 TS 0 3 6 9 12 16 21 27 29 32 22 IBC 0 1 2 3 6 12 21 33 48 48 43 SLC 0 2 5 9 17 29 45 71 107 107 105 Capital 50 50 50 50 50 50 50 50 50 50 50 What does the information convey to Mr. Constantine?
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section: Chapter Questions
Problem 5PA
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Clean-Well Case
A Clean-Well Store is located on a small town in Mindanao. It sells sanitation wares and known for low cost but quality wares. The manager Brad Constantine use to hire OJT from a well-known Technical School (TS). They stay for three to six months for business operation internship and go on to full-time employment in large stores in major cities in Mindanao. International Business College (IBC) and the St. Luke College (SLC) both produce highly competent business graduates and Brad has discovered that productivity is higher if he hires interns from these schools, instead of from just one. Brad compiled over the past few years the performance of the three groups of students.
|
Labor |
0 |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
|
TS |
0 |
3 |
6 |
9 |
12 |
16 |
21 |
27 |
29 |
32 |
22 |
|
IBC |
0 |
1 |
2 |
3 |
6 |
12 |
21 |
33 |
48 |
48 |
43 |
|
SLC |
0 |
2 |
5 |
9 |
17 |
29 |
45 |
71 |
107 |
107 |
105 |
|
Capital |
50 |
50 |
50 |
50 |
50 |
50 |
50 |
50 |
50 |
50 |
50 |
- What does the information convey to Mr. Constantine?
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