I need c Check my workImagine you have some workers and some handheld computers that you can use to take inventory at a warehouse. Thereare diminishing returns to taking inventory. If one worker uses one computer, he can inventory 125 items per hour. Twoworkers sharing a computer can together inventory 175 items per hour. Three workers sharing a computer can togetherinventory 185 items per hour. And four or more workers sharing a computer can together inventory fewer than 185 items pehour. Computers cost $125 each and you must pay each worker $30 per hour.Instructions: In parts a and b, round your answers to two decimal places. In part c, enter your answer as a whole number.a. If you assign one worker per computer, what is the cost of inventorying a single item?b. What is the cost if you assign two workers per computer?2486What if you assign three?$4.95c. How many workers per computer should you assign if you wish to minimize the cost of inventorying a single item?3 workers

Here computer's cost is a fixed cost and labour cost is variable cost . Due to diminishing returns…

Answered: .95 How many workers per computer…

.95 How many workers per computer should you assign if you wish to minimize the cost of inventorying a single item? 3 workers

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

I need c

Check my work
Imagine you have some workers and some handheld computers that you can use to take inventory at a warehouse. There
are diminishing returns to taking inventory. If one worker uses one computer, he can inventory 125 items per hour. Two
workers sharing a computer can together inventory 175 items per hour. Three workers sharing a computer can together
inventory 185 items per hour. And four or more workers sharing a computer can together inventory fewer than 185 items pe
hour. Computers cost $125 each and you must pay each worker $30 per hour.
Instructions: In parts a and b, round your answers to two decimal places. In part c, enter your answer as a whole number.
a. If you assign one worker per computer, what is the cost of inventorying a single item?
b. What is the cost if you assign two workers per computer?
24
86
What if you assign three?
$4
.95
c. How many workers per computer should you assign if you wish to minimize the cost of inventorying a single item?
3 workers

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