If half of the Full Time US workers moved to Part Time, HELP:(

kjazmin

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Nov 28, 2012
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If half of the Full Time US workers moved to Part Time, how would the Total Cost of employees change for Anchor Global Insurance?



I would love for someone to give me a logical explanation of how to do this,
Although I figured the first question which is the half of the full time: 870 then of course that would half to be added to 170 which
is equivalent to 1,040 then from there I am lost and have no clue as what to do.
 

MarkFL

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As it stands now, the total cost in millions of dollars is:

\(\displaystyle 47.0+2.5=49.5\)

Now, if half of the full-time workers become part time, then the total cost will be:

\(\displaystyle 47.0\left(\dfrac{1740-0.5\cdot1740}{1740} \right)+2.5\left(\dfrac{170+0.5\cdot1740}{170} \right)=?\)

If you don't see why this works, I will be happy to explain.
 

maypat0004

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What's the answer?
 

Subhotosh Khan

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