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Your company uses both workers (M) and special workers (S) in its production process. The hourly wage of workers (M) is $35, and the hourly
Your company uses both workers (M) and special workers (S) in its production process. The hourly wage of workers (M) is $35, and the hourly wage of special workers (S) is $115. The table below describes how the number of each type of input affects output or product (in a marginal way). a. Given the much higher productivity of special workers, why would the company ever consider using workers a (M) at all in its production? b. When it started out, the company used four workers (M) and two special workers (S); is this an ideal combination of inputs? Why or why not? c. During its busy season, the company increases its workers (M) to five; provided it has a sufficient budget, what would be the optimal number of special workers (S) to use in this situation? d. During the normal season when the company uses four special workers (S), what would be the optimal number of Workers (M) to use
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