Question
1.Apples can be harvested by hand or machine. Handpicking yields 80 pounds per hour; mechanical pickers yield 120 pounds per hour. (a)If the wage rate
1.Apples can be harvested by hand or machine. Handpicking yields 80 pounds per hour; mechanical pickers yield 120 pounds per hour.
(a)If the wage rate of human pickers is $8 an hour and the rental on a mechanical picker is $15 an hour, which is more cost effective?
(b)If the wage rate increased to $12 an hour, which would be more cost effective?
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Real Estate Principles A Value Approach
Authors: David C Ling, Wayne Archer
5th edition
77836367, 978-0077836368
