A print shop wants to expand production. It currently has 20 employees and 8 copy machines and recently added two new copiers which increased the daily output by 100,000. They also added 4 employees which increased output by 80,000. Each copier costs twice as much as hiring an extra employee. What is the best course of action: hire an additional worker or purchase an extra copier? Show work

A print shop wants to expand production. It currently has 20 employees and 8 copy machines and recently added two new copiers which increased the daily output by 100,000. They also added 4 employees which increased output by 80,000. Each copier costs twice as much as hiring an extra employee. What is the best course of action: hire an additional worker or purchase an extra copier? Show work

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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