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A small assembly line currently produces 8000 widgets per week. Assume that there are two inputs: labor and materials. There are 5 employees, each working
A small assembly line currently produces 8000 widgets per week. Assume that there are two inputs: labor and materials. There are 5 employees, each working 40 hours per week for an hourly rate of $15. Each week 100 lbs of materials are used, which cost $50 per lb. What is the weekly productivity level for this operation?
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