Hiring another employee or buy another copier


Problem: 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 months ago, they added five workers, and productivity also increased by 50,000 pages. Copiers cost about twice as much as workers.

Would you recommend they hire another employee or buy another copier?

Solution Preview :

Prepared by a verified Expert
Microeconomics: Hiring another employee or buy another copier
Reference No:- TGS01748725

Now Priced at $20 (50% Discount)

Recommended (93%)

Rated (4.5/5)