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Your company utilizes both employees (L) and specialized robots (R) in its production process. The hourly wage of employees is $25, and the hourly cost

Your company utilizes both employees (L) and specialized robots (R) in its production process. The hourly wage of employees is $25, and the hourly cost of operating a robot is $250. The table below describes how the number of each type of input affects output or product (in a marginal way).

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Number of Marginal product Number of robots Marginal product em lo ees of labor L of robots MPR 1 35 1 450 2 30 2 400 3 25 3 350 4 20 4 300 5 15 5 250 6 10 6 200 7 5 7 150

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