Please follow the article to write the essay. Article is PDF 1. Assignment isThe attached article from the Wall Street Journal on 10 December, 2019 notes that two ways of making a complex part are possible: (1) using the sophisticated machines and the more sophisticated laborers, who earn about $25 an hour; or (2) several unsophisticated machines in sequence using unsophisticated labor, earning $10 an hour. How much faster does (1) need to be compared to (2) for (1) to be the better method? How does that calculation depend on the relative prices on an hourly basis of the two types of machines ?
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