Solution: In Question 5, suppose the current operator can be replaced by a more efficient new operator, but the new operator is paid $22 per hour whereas
Question: In Question 5, suppose the current operator can be replaced by a more efficient new operator, but the new operator is paid $22 per hour whereas the current operator is paid $20 per hour. The new operator can process 12 units per hour. If a unit’s time is considered to be worth $12 per hour, is it worth to replace the current operator with the new operator?
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