Q.2. A construction contractor estimates that the size of the work force needed over the next 5 weeks to be 8, 4, 7, 8 and 2 workers, respectively. Excess labor kept on the force will cost $300 per worker per week, and new hiring in any week will incur a fixed cost of $400 plus $200 per worker per week. A worker engaged is to be paid a fixed wage of $2 per hour with the working hours being 40 per week. What should be the optimum number of workers kept during each week?
Q.2. A construction contractor estimates that the size of the work force needed over the next 5 weeks to be 8, 4, 7, 8 and 2 workers, respectively. Excess labor kept on the force will cost $300 per worker per week, and new hiring in any week will incur a fixed cost of $400 plus $200 per worker per week. A worker engaged is to be paid a fixed wage of $2 per hour with the working hours being 40 per week. What should be the optimum number of workers kept during each week?
Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter9: Attracting And Retaining The Best Employees
Section: Chapter Questions
Problem 13DQ
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