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Assume you have an idea for a new fruit picking machine that will cost the same as current fruit picking methods but will yield 10%
Assume you have an idea for a new fruit picking machine that will cost the same as current fruit picking methods but will yield 10% more revenue because it will pick more fruit and damage less. To develop the new machine you would have to take two years of from your $25,000/year job managing the fruit company. Other fruit companies would figure out the new technology in time to use it after only one season. Should you take the time off to develop the new machine if annual fruit revenue is $500,000? Explain
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