ired Homework

Question $5,$ E$1-20$A $($similar to$)$

Points: $0$ of $2$

Faced with a $$17$ 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:

View the information.

While the Farmhand itself may be in workable condition for up to five years, assume that the farm would view its implementation as a one$-$year experiment.

Read the requirement.

Total expected costs

One Farmhand would do the work of $20$ farm workers

Each farm worker typically works $35$ hours on the lettuce thinning process each year.

Each farm worker would earn $$17$ per hour plus $7\mathrm{.}65\%$ payroll tax.

The Farmhand is estimated to cost $$6,000$ plus $$850$ for delivery.

Annual costs of operating the Farmhand are expected to be $$1,600.$Fill in the blanks below.