A Certain Machine Can Perform 34 Chemical Analyses Per Day,but

question 24

Short Answer

A certain machine can perform 34 chemical analyses per day,but a lab technician can perform only 7.Suppose a laboratory must make 110 analyses tomorrow and it has only two machines.How many technicians will be needed to complete the job?

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Definitions:

Marginal Product

The additional output gained by employing one more unit of input, such as labor or capital.

Marginal Product

The extra output that is produced by using one more unit of a factor, such as labor or capital, while keeping other factors constant.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable.

Production

The process of combining various material inputs and immaterial inputs (plans, know-how) to make something for consumption.