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Example 10: A firm's operations are at present performed by hand. It has a proposal to install a new machine which can produce at a

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Example 10: A firm's operations are at present performed by hand. It has a proposal to install a new machine which can produce at a faster rate. Following information is available. Advise the management about the profitability of mechanization. Hand Machine Production units per hour 1 2 18 16 Marginal Cost per unit Additional Fixed Cost per unit() Total Cost per unit() 18 18 19 Selling Price per unit 24 24

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