Answer to Question #254795 in Microeconomics for Kousar

Question

Assume that you are from any one of the following family how can you utilize the limited resources to fulfill your needs a family farm B. Petty shopper C.flower vendor

Answer 1

As a family farmer, I must work swiftly to make the most of the few resources available to meet my demands. I will save as much time as possible by fast-tracking jobs. I'm going to throw the schedule off. If the project is shorter, the project team will spend less time working on project duties overall. I will remove superfluous effort by minimizing the amount of papers I produce. Because project reporting takes so much time, I'll be doing less of it.

I willbe open and honest with the project team about the problem, and they will assist me in coming up with solutions. At this point, anything goes. I will consider outsourcing, training people to assist at a later stage in the project, temporarily co-locating the team to see if productivity increases, and increasing the hours in the short term. I'll make the best of what I've got.