Operation Decision

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$20.00Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision * From Economics: General-Economics * Closed, but you can still post tutorials * Due on Jul. 18, 2012 * Asked on Jul. 15, 2012 at 10:26:38AM
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Assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decison as to whether it should shout down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of output per month working 20 hours per month. The daily wage per worker is $70, and the price of the firm's output is $32. The cost of other variable inputs is $2,000 per day. You are told that the firm's fixed cost is "high enough" so that the firm's total cost exceed its total revenue. The marginal cost of the last unit is $30.

As the newly hired managing consultant of a 'firm' employer, the aim of focus will point towards identifying the best tactics of strategic implementation that can be both high performing and manageable. A great deal of expertise regarding resource allocation is important to 'single-out' as a key determinant in how ongoing operation processes will turn out. I understand that as the appointed consultant, steering the -client of service- in a direction of making organizational choices which…...

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