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Question (Category: economics homework)
12.) you were recently hired to replace the manager of the roller division at a major conveyor manufacturing company. roller manufacturing company is relatively simple, requiring only labor and a machine that cuts and crimps rollers. as you review the production information, you learn that labor is paid $8 per hour and the last worker hired produced 100 rollers per hour. the company rents roller cutters and crimping machines for $16 per hour, and the marginal product of capital is 100 rollers per hour. what do you think the previous manager should have done to keep his job? div


Answer by Matt D. (Purchased 3 times and rated )