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Question: You were recently hired to replace the manager of the Roller Division at a major conveyor manufacturing firm, despite the managers strong external sales record. Roller manufacturing is relatively simple, requiring only labor and a machine that cuts and crimps rollers. As you begin reviewing the company's production information, you learn that labor is paid $15 per hour and that the last worker hired produced 100 rollers per hour. The company rents roller cutters and crimping equipment for $16 per hour, and the marginal product of capital is 160 rollers per hour. What do you think the previous manager could have done to keep his job? Explain. Gibsue me asumot isottsmerits are baboon soon as throw) soon snow admus way area.

Microeconomics, Economics

  • Category:- Microeconomics
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