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Your company utilizes both employees (L) and specialized robots (R) in its production process. The hourly wage of employess is 535, and the hourly cost
Your company utilizes both employees (L) and specialized robots (R) in its production process. The hourly wage of employess is 535, and the hourly cost of operating a robot is 5115, 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 preductivity of rebots, why would the company ever consider using employees at all in its production? b. When it started out, the company used four employees and two robots; is this an ideal combination of inputs? Why or why not? . During its busy seasan, the company increases its employees to five, provided it had a sufficient budget, what would be the optimal number of robots to use in this situation? d. During the normal season when the company uses four robots, what would be the aptimal number of employees to use? 7 70 7 . 184
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