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    Reveal cost benefit analysis

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    Sweetgrass Radiology Labs has a fixed amount of radiology equipment. The laboratory can hire any number of radiology technicians per hour to produce radiographs, which are displayed on a screen. The relationship between the number of technicians hired per hour and the number of radiographs produced per hour is shown in the following table. Show the total and marginal products and indicate at each level of production whether the production function exhibits increasing, constant, or diminishing marginal productivity.
    Radiograph Technician per Hour Radiograph Produced Per Hour
    1 10
    2 26
    3 50
    4 74
    5 94
    6 100

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    Solution Summary

    The expert reveals cost benefit analysis for the Sweetgrass Radiology Labs.