Question: Faced with a $ 1 7 per hour minimum wage rate, the farming industry is currently exploring the possible use of robotics to replace some
Faced with a $ per hour minimum wage rate, the farming industry is currently exploring the possible use of robotics to replace some farm workers. The Farmhand is one such robot; its job is to thin out a field of lettuce, removing the least promising buds of lettuce. By removing these weaker plants, the stronger lettuce plants have more room to grow. Assume the following facts:
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While the Farmhand itself may be in workable condition for up to five years, assume that the farm would vieve its implementation as a oneyear experiment.
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CostBenefit Analysis
Expected Benefits Cost Savings:
Total expected benefits
Expected Costs:
Total expected costs
Net exbected benefit cost
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