question archive Question No 3) Your accountant figured that your factory requires a minimum staff of 50 workers to continue operations
Question No 3) Your accountant figured that your factory requires a minimum staff of 50 workers to continue operations
Subject:EconomicsPrice: Bought3
Question No 3) Your accountant figured that your factory requires a minimum staff of 50 workers to continue operations. If each worker is paid $100 per day, the cost of raw materials is $1,000 per day, and expected sales are $5,500 per day, what is the optimal (profit-maximizing or loss-minimizing) course of action to take? Explain why you don't need to know what your fixed costs are in order to answer this question.
