Some managers in the firm are worried however about a


Private companies frequently approach your consulting firm to undertake special projects and provide advice to management. As a senior consultant, one of your jobs is to quote a price for these projects based on an estimate of cost and firm resources (i.e., consultants available to work on them). Your firm recognizes that it is competing with other consulting firms for its potential clients' business.

Over the last six months, you have bid on ten separate projects and have won nine of them. You are establishing a reputation as someone who really can bring in business. Some managers in the firm are worried, however, about a shortage of resources (i.e., available consultants) to complete these jobs. Is yours a "good" bidding record? Describe carefully how you would make this assessment.

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Microeconomics: Some managers in the firm are worried however about a
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