Question: A company has improved its production process. Under the old process, 2 0 workers could produce 4 , 8 5 1 units per hours and

A company has improved its production process. Under the old process, 20 workers could produce 4,851 units per hours and the materials cost $53 per unit of output. Workers are paid $18 per hour and the finished product is sold for $128 per unit.
After the improvement, materials costs have been reduced by $13 per unit of output and it now takes 5 fewer workers to make the same amount of output.

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