My textbook had the following question: A factory operates in a village and empl
ID: 1249864 • Letter: M
Question
My textbook had the following question:A factory operates in a village and employs 200 workers. The workers are willing to work for any salary. The items produced by the factory are sometimes more demanded by consumers than at other times. For this reason, the demand for workers of the company is not the same throughtout the year: for 6 months in the year, the demand for workers is
w = 2200 - 5L
and for the other 6 months, the demand for workers is
w = 2600 - 5L
where w is the monthly salary paid each worker in dollars and L is the number of workers.
The factory is considering moving to the city, where the demand for workers is totally flexible.
What is the most that the salary of workers in the city can be, for the factory to be able to move there (assume the moving costs are negligible and all other costs borne by the factory are the same in the city and in the village)
The answer given by the book is $1,425.
I don't understand how they arrived at this answer. Please help. Thank you.
Explanation / Answer
Property management is the operation of commercial, industrial or residential real estate. This is much akin to the role of management in any business. Property management is also the management of personal property, equipment, tooling and physical capital assets that are acquired and used to build, repair and maintain end item deliverables. Property management involves the processes, systems and manpower required to manage the life cycle of all acquired property as defined above including acquisition, control, accountability, responsibility, maintenance, utilization, and disposition.
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