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Suppose Apple is considering implementing more robots during the manufacturing process. Here are different possibilities: Technology # Workers # Robots A 5 18 B 7
- Suppose Apple is considering implementing more robots during the manufacturing process. Here are different possibilities:
Technology | # Workers | # Robots |
A | 5 | 18 |
B | 7 | 23 |
C | 10 | 14 |
D | 12 | 18 |
E | 19 | 8 |
a. (7 pts) Graph the table above with # Robots on the vertical (Y) axis and # Workers on the horizontal (x) axis
- Make sure to label the axis's, and label each point
- Which technologies can be eliminated right away?
- Write the formula for the total cost using this notation:
- w = hourly wages
- L = # of workers
- p = hourly cost of Robots
- R = # of Robots
- C = total cost
- Let's graph the remaining isocost lines
- Suppose the wages of workers is $15/hour and the cost to operate a Robot is $12/hour
- (5 pts) Calculate the total cost for each remaining technology
- (3 pts) Convert the total cost equation into the form y=mx + b for each technology
- Suppose the wages of workers is $15/hour and the cost to operate a Robot is $12/hour
a. Remember which axis is what - reference 1a
- Graph the remaining isocost lines
- What does the slope (in general) represent?
- What do you notice about the slopes for the remaining technologies?
- (3 pts) For each technology, if they gave up one worker, how many more robots could they gain/lose? (fractions are ok)
- Which technology will be chosen?
- Say a shortage in electronic parts makes the robots more expensive to operate and the hourly cost jumps up to $25/hour.
- Graph the original isocost line select technology and then graph the new isocost line
- Is this still the lowest cost technology?
- Graph the isocost line for the lowest cost technology on the same graph
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