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in the text? 3. Usha runs a clothes factory that fulfils outsourced orders for the big brands. The factory's production schedule is as follows: No.
in the text? 3. Usha runs a clothes factory that fulfils outsourced orders for the big brands. The factory's production schedule is as follows: No. of Workers Wages (per hour) Output (units per hour) Function 24 Cutting Sewing Finishing Inspection Packing Total 100 60 40 40 30 60 15 45 90 90 Right now, the factory works in a single shift of 8 hours each day. It is proposed to her that she can replace some of the functions with machines for the same level of production. The cutting workers can be replaced with 2 machines to be operated by one person each, whereas sewing workers can be replaced by 12 machines to be operated by one person each. The machines come at an expense of 50,000 for cach cutting machine and 780,000 for each sewing machine. Packing can be done entirely by a machine worth 60,000 to be operated by a single person. The remaining functions cannot be replaced with machines. (a) Depict all the three machines-worker trade-offs through isocost and isoquant framework. (b) Estimate the hourly production of the factory and cost of each unit (c) If the invested money has no interest opportunity and Usha aims to recover the investment within 3 months, which of the three machines should she install? Why? in the text? 3. Usha runs a clothes factory that fulfils outsourced orders for the big brands. The factory's production schedule is as follows: No. of Workers Wages (per hour) Output (units per hour) Function 24 Cutting Sewing Finishing Inspection Packing Total 100 60 40 40 30 60 15 45 90 90 Right now, the factory works in a single shift of 8 hours each day. It is proposed to her that she can replace some of the functions with machines for the same level of production. The cutting workers can be replaced with 2 machines to be operated by one person each, whereas sewing workers can be replaced by 12 machines to be operated by one person each. The machines come at an expense of 50,000 for cach cutting machine and 780,000 for each sewing machine. Packing can be done entirely by a machine worth 60,000 to be operated by a single person. The remaining functions cannot be replaced with machines. (a) Depict all the three machines-worker trade-offs through isocost and isoquant framework. (b) Estimate the hourly production of the factory and cost of each unit (c) If the invested money has no interest opportunity and Usha aims to recover the investment within 3 months, which of the three machines should she install? Why
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