2. Machines in a factory break down at an exponential rate of six per hour. There is...

Question:

2. Machines in a factory break down at an exponential rate of six per hour.

There is a single repairman who fixes machines at an exponential rate of eight per hour. The cost incurred in lost production when machines are out of service is $10 per hour per machine. What is the average cost rate incurred due to failed machines?

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