Joy Land Toys, a toy manufacturer, is experiencing quality problems on its assembly line. The marketing division estimates that each defective toy that leaves the plant costs the firm $10, on average, for replacement or repair. The engineering department recommends hiring quality inspectors to sample for defective toys. In this way many quality problems can be caught and prevented before shipping. After visiting other companies, a management team derives the following schedule (on the left) showing the approximate number of defective toys that would be produced for several levels of inspection. The daily wage of

inspectors is $70.

a. How many inspectors should the firm hire?

b. What would your answer to a be if the wage rate is $90?

c. What if the average cost of a defective toy is $5 and the wage rate of inspectors is $70?

PDE man_eco_2020_midterm X + X O file:///C:/Users/Gizem/Downloads/man_eco_2020_midterm.pdf . . . Amazon.co.uk - Onlir w Booking.com 2 13 O - + 2 Sayfaya sigdir Sayfa gorunumu A' Sesli oku Not ekle So Question 2 Average number Joy Land Toys, a toy manufacturer, is experiencing quality Number of of defective toys problems on its assembly line. The marketing division inspectors (per day) estimates that each defective toy that leaves the plant costs 92 the firm $10, on average, for replacement or repair. The W N 62 engineering department recommends hiring quality 42 inspectors to sample for defective toys. In this way many 27 quality problems can be caught and prevented before shipping. After visiting other companies, a management 10 team derives the following schedule (on the left) showing 6 the approximate number of defective toys that would be inspectors is $70. produced for several levels of inspection. The daily wage of a. How many inspectors should the firm hire? Aramak icin buraya yazin e 1 7 1 TUR 14/39 1 /Haz/2020