The town of Bookville has a massive public library system. Bookville's municipal government faces a tradeoff between ret

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The Town Of Bookville Has A Massive Public Library System Bookville S Municipal Government Faces A Tradeoff Between Ret 1 (66.79 KiB) Viewed 71 times

The town of Bookville has a massive public library system. Bookville's municipal government faces a tradeoff between retaining the current number of library workers and replacing some of its workers with computers. The four options available to the government are given in table below. Workers and computers in Bookville Number of workers Number of computers Choice A 30 50 Choice B 20 100 Choice C 10 150 Choice D 5 300 a. Computers and software cost $5,000 each and must be replaced each year. In a non-unionized labor market, workers are paid $20,000 per year. In these circumstances, what would be the optimal choice from a cost perspective for the city government? Show your work! b. After the introduction of a strong union, the annual salary for workers increases to $30,000. In these circumstances, what would be the optimal choice from a cost perspective for the city government? Show your work!