Question

You are the HR Manager of ABC Pen Manufacturing, Co. Your company economist gives you the...

You are the HR Manager of ABC Pen Manufacturing, Co. Your company economist gives you the production data but it is incomplete. Answer the following:

a. Fill in the blanks

b. From the table above, What is the optimal number of workers that the pencil company should utilize?

c. As an HR manager, how will you deal with the workers that are “redundant” given the production data?

No of workers No of Machines No of Pens Average Product Marginal Product
0 10 100
1 10 110
2 10 120
3 10 120
4 10 115
5 10 110
6 10 105
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The manger of a manufacturing company recently hired an economist to estimate the firm’s production function....
The manger of a manufacturing company recently hired an economist to estimate the firm’s production function. based on the economist report. The manager now knows that the firm production function is given by Q=K^3/4^L^1/^4 and that capital is fixed at 81 unit. a) calculate the average product of labor when 16 units of labor are utilized b) calculate the marginal product of labor when 16 units of labor are utilized c)suppose the firm can hire labor at a wage of...
You work for XYZ as HR Manager. The company differentiates itself from its competitors by selling...
You work for XYZ as HR Manager. The company differentiates itself from its competitors by selling unique products and capturing segments of the environmental product-line market. XYZ needs your HR help to expand its substitute for plastic product lines by establishing a new division. The division will produce an exciting new line of products that are reusable and compostable (e.g. cellulose bags to replace plastic bags and hemp containers to replace clear plastic containers that berries and tomatoes etc. are...
The marketing manager of the ABC Commercial Company has approached you, the quality manager, to discuss...
The marketing manager of the ABC Commercial Company has approached you, the quality manager, to discuss the bottle - filling operation for one the company's top - selling product lines. The bottle- filling process is designed to dispense of 16 ounces of liquid; however, there is variation on the filling process. Based on the historical data, it has been determined that the filling operation can be modeled using a normal distribution with a mean 16.05 ounces and a standard deviation...
A manufacturing company is purchasing metal pipes of standard length from two different suppliers, ABC and...
A manufacturing company is purchasing metal pipes of standard length from two different suppliers, ABC and XYZ. In the past two months there are increasing complaints by the Production Manager that delivery times by ABC present higher variability in comparison to the delivery times by XYZ. The Production Manager is worried that this variability will make it harder to efficiently schedule the production process. Does the sample data indicate a statistically significant difference at the 5% level? Justify your answer....
A manufacturing company is purchasing metal pipes of standard length from two different suppliers, ABC and...
A manufacturing company is purchasing metal pipes of standard length from two different suppliers, ABC and XYZ. In the past two months there are increasing complaints by the Production Manager that delivery times by ABC present higher variability in comparison to the delivery times by XYZ. The Production Manager is worried that this variability will make it harder to efficiently schedule the production process. Does the sample data indicate a statistically significant difference at the 5% level? Justify your answer....
You work as the lead HR Manager for BWA Enterprises, a company that builds parts for...
You work as the lead HR Manager for BWA Enterprises, a company that builds parts for one major car manufacturer. On the organization chart, management, and administrative tasks are represented by rectangles, the union is represented by the ovals. You are preparing for negotiations for the next CBA. The current, 3-year CBA is set to expire in 12 months. At present, there is a new union president that you have found very difficult to deal with; the union is considered...
The Wentworth Corporation is a mid-sized manufacturing company located in the metropolitan area of Atlanta, Georgia....
The Wentworth Corporation is a mid-sized manufacturing company located in the metropolitan area of Atlanta, Georgia. In business for ten (10) years, it has become one of the area’s largest producers of Widgets. James Henderson and three (3) associates founded the company, which has slowly grown to employ 500 employees, primarily production workers, in its three (3) existing facilities. Henderson is the President and CEO of the corporation, and Mike Johnson is the newly appointed Manager of Human Resources. Wentworth...
As the manager of the pension fund, you are frequently targeted by software companies peddling investment...
As the manager of the pension fund, you are frequently targeted by software companies peddling investment simulation software. You have finally narrowed down your choice to two applications. You need to analyze the options by calculating NPV, IRR, and Payback Period based on their purchase price and savings to your company over time. Your staff has prepared a cash-flow table to help you. Year zero shows the purchase price of each application, and the figures listed for years 1-3 represent...
We constantly seem to be pricing ourselves out of some markets and not charging enough in...
We constantly seem to be pricing ourselves out of some markets and not charging enough in others. Our pricing policy is pretty simple: we mark up our full manufacturing cost by 50%. That means a computer that costs us $2,000 to manufacture will sell for $3,000. Until now I thought this was a workable approach, but now I’m not so sure. Steve Works, CEO, Cortland Manufacturing, Inc. (CMI) Steve’s Controller, Sally Nomer, had just told him that she believed the...
Overview Your assignment is to complete a wireless network design for a small company. You will...
Overview Your assignment is to complete a wireless network design for a small company. You will place a number of network elements on the diagram and label them appropriately. A network diagram is important to communicate the design features of a network between network administrators, system administrators and cyber-security analysts. It helps to create a shared mental model between these different technologists, yet each will have their own perspective on what is important to have documented on the diagram. Please...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT