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A bicycle manufacturing company recently invested in new machinery to enhance its production process. Prior to acquiring this machimery, the company had a worlforce of

A bicycle manufacturing company recently invested in new machinery to enhance its production process. Prior to acquiring this machimery, the company had a worlforce of 8 employees who, on averape, produced 120 bicycles per hour. The workers were compensated at a rate of $15 per hour, while the machinery cost was $60 per hour. With the implementation of the new machinery, the company was able to reassign two workers to other departments. However, the cost of using the machinery increased by $20 per how, while the production output increased by 8 bicycles per hour.
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