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Case study: Consider the Beiswanger Company, a small firm engaged in engineerng analysis. Beiswanger’s president has estimated that the firm’s output per month (Q) is related in the following way to the number of engineers € and technicians used (T): Q = 20E – E^2 + 12T – 0.5T^2 . The monthly wage of an engineer is $4,000, and the monthly wage of a technician is $2,000. President allots $28,000 per month for the combined wages of engineers and technicians. Question 1: What will be the calculated MP^t? a. 12 – T b. 13 – T c. 22 – T d. 15 – T Question 2: What will be the value of T? a. E – 2 (wrong answer) b. E + 2 c. E – 6 d. E – 4
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