Question: Consider a small photography studio with6workers and 3printers. The total cost of labor and capital is$3,100. In order to reduce total operating costs, the owner
Consider a small photography studio with6workers and 3printers. The total cost of labor and capital is$3,100. In order to reduce total operating costs, the owner leases3additionalprinters and fires4 workers. After these changes, the salary of each worker increases by$20, the cost of using each of the printers (both new and old) remains constant, and the total cost of labor and capital decreases to $2,850.What is the cost of using one printer?
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