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Question: A copy company wants to expand production. It currently has 20 workers who share eight copiers. Two months ago, the firm added two copiers and output increased by 100,000 pages per day. One month ago, they added 5 workers and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers.

a. What is the output of pages per worker?

b. What is the output of pages per copier machine?

c. Would you recommend they hire another employee or buy another copier? You have to justify your answer to get any credit.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93124213

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