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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 employees who, on averape, produced bicycles per hour. The workers were compensated at a rate of $ per hour, while the machinery cost was $ 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 $ per how, while the production output increased by bicycles per hour.
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