Imagine that you are an economist, and that you have been hired by a mid-sized hammer factory
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Question:
Based on the scenario above, what information or guidelines would you take into account in helping to determine how many hammers the factory should make in a month?
How would you determine whether your recommendations had positive outcomes for the business? How would pricing and materials costs factor into this?
When would you recommend the company revisit these decisions (e.g., to see if you need to make any adjustments)? Why?
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Communicating as professionals
ISBN: 978-0170214971
3rd edition
Authors: Raymond Archee, Myra Gurney, Terry Mohan
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