Homework Help is Here – Start Your Trial Now!
Business
Management
In order to manufacture 3,000 pairs of shoes in a week, a firm can use 3,000 workers and 100 machines or 200 machines and 4,000 workers Which method is considered more technically efficient? a 4,000 workers and 200 machines b Both are equally efficient c 3,000 workers and 100 machines d Neither could be considered efficient

In order to manufacture 3,000 pairs of shoes in a week, a firm can use 3,000 workers and 100 machines or 200 machines and 4,000 workers Which method is considered more technically efficient? a 4,000 workers and 200 machines b Both are equally efficient c 3,000 workers and 100 machines d Neither could be considered efficient

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
See similar textbooks
icon
Related questions
Question

27 In order to manufacture 3,000 pairs of shoes in a week, a firm can use 3,000 workers and 100 machines or 200 machines and 4,000 workers Which method is considered more technically efficient?

a 4,000 workers and 200 machines

b Both are equally efficient

c 3,000 workers and 100 machines

d Neither could be considered efficient

33

A manufacturing business can use 100 workers and 20 machines, 140 workers and 18 machines, or 150 workers and 18 machines to produce 80 chairs If each worker costs $40 and each machine is rented for $1000, the economically efficient input combination is:

a 100 workers and 20 machines

b 150 workers and 18 machines

c none of these input combinations

d 140 workers and 18 machines

Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON
SEE MORE TEXTBOOKS