A 24manager in charge of new product development can hire engineers and market researchers. The annual salary of an engineer is $40,000 while a market researcher receives $20,000. The marginal contribution of engineers and market researchers are:

Engineers (E) Market Researchers (R)

Worker Additional New Products Worker Additional New Products

1st 240 1st 80

2nd 200 2nd 70

3rd 160 3rd 60

4th 100 4th 50

5th 40 5th 40

Based on the information in the table, how should a manager with an annual budget of $140,000, allocate this budget in order to maximize the number of new products developed?

Multiple Choice

Hire one engineer and five market researchers

Hire two engineers and three market researchers

Hire three engineers and one market researcher

Hire four engineers and four market researchers