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1. Your company utilizes both employees (L) and specialized robots (R) in its production process. The hourly wage of employees is $35, and the hourly
1. Your company utilizes both employees (L) and specialized robots (R) in its production process. The hourly wage of employees is $35, and the hourly cost of operating a robot is $115. The table below describes how the number of each type of input affects output or product (in a marginal way) Number of Marginal product Number of robots Marginal product employees (L) of labor (MP,) (R of robots (MPR) 112 460 2 105 2 414 3 98 368 4 91 UI A W 322 UI 84 276 6 77 6 230 7 70 7 184 During the normal season when the company uses four robots, what would be the optimal number of employees to use
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