Question: Consider the three - machine workshop described in Conceptual Problem 2 . 3 . Suppose each working machine produces revenue of $ 5 0 0

Consider the three-machine workshop described in Conceptual Problem 2.3. Suppose each working machine produces revenue of $500 per day, while repairs cost $300 per day per machine. What is the net rate of revenue per day in steady state? (Hint: Can we consider the problem with one machine to obtain the answer for three machines?)

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