Zoom Corporation manufactures and sells three different types of binoculars. They are referred to as Good, Better and Best binoculars.

Grinding and polishing time is limited.

More time is required to grind and polish the lenses used in the Better and Best binoculars.

Additional information is provided below:

ProductGoodBetterBest
Selling price$97.80$322.50$834.00
Variable costs and expenses51.00180.00479.00
Contribution margin$46.80$142.50$355.00
Grinding and polishing time required0.6 hrs1.5 hrs5 hrs
Required:

1. Ignoring the time constraint, what strategy would appear to be optimal?

2. What is the contribution margin per unit of limited resource for each type of binocular?

(Round answer to 0 decimal places)

3. If additional grinding and polishing time could be obtained, how should the additional capacity be used?

Before contacting the news or print media about your business, what must you come up with first ? a. a media expertb. a big budgetc. a track recordd. a story angle

Ajustification for job training programs is that they improve worker productivity. suppose that you are asked to evaluate whether more job training makes workers more productive. however, rather than having data on individual workers, you have access to data on manufacturing firms in ohio. in particu- lar, for each firm, you have information on hours of job training per worker (training) and number of nondefective items produced per worker hour (output). (i) carefully state the ceteris paribus thought experiment underlying this policy question. (ii) does it seem likely that a firm’s decision to train its workers will be independent of worker characteristics? what are some of those measurable and unmeasurable worker characteristics? (iii) name a factor other than worker characteristics that can affect worker productivity. (iv) if you find a positive correlation between output and training, would you have convincingly established that job training makes workers more productive? explain.

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