Your production manager suggests that your manufacturing equipment is becoming obsolete

Economics Dec 15, 2020

Your production manager suggests that your manufacturing equipment is becoming obsolete. Which one of these explanations would be a valid reason to consider replacing the equipment due to obsolescence? The current equipment can simply no longer produce a product that is demanded by the market The efficiency of production is 90% of what it used to be The machine breaks down 10% more often than the past The labourers using the equipment find it difficult to use

Expert Solution

a. Option A is the correct answer

The current equipment cannot produce the products demanded by the market

The machine has become obsolete

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