Micro economics question


Need to see if anyone can help with this question: 
Tesla, the electric car maker, has
expressed an intention to carry out production in Fremont in a way that makes
intensive use of industrial robots.  It
must balance this intention with the judgement and adaptability offered by
human workers and the additional productivity made possible by installing
conventional equipment for the production of automobiles.
50 robots are being leased from a Japanese provider at a cost of $100,000 per
robot per year.  The marginal product of
a robot corresponds to 500 additional cars per year.  Each piece of conventional equipment is being
leased from a German provider at a cost of $20,000 per year.  Its marginal product is 125 additional cars
per year. The going rate of pay for the human workers is $80,000 per year.  One hundred workers are employed.  The marginal product of a worker amounts to
450 additional cars per year.
things equal, the marginal product of an input falls as more of it is employed.
is expected that 10 workers will quit or retire by the end of the year.  Tesla plans NOT to replace them.  Instead, Tesla has in mind the use of 10 additional
robots next year.
on the efficiency of Tesla’s use of robots. 
Comment also on Tesla’s use of humans vs. its use of conventional
equipment.  Should Tesla become more
labor-intensive?  More
equipment-intensive?  Fully explain your

Don't use plagiarized sources. Get Your Custom Essay on
Micro economics question
Just from $13/Page
Order Essay
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more