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Rio Tinto's incentive to adopt new robotic technology was increased by the high wages it was having ...

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Rio Tinto's incentive to adopt new robotic technology was increased by the high wages it was having ...

Rio Tinto's incentive to adopt new robotic technology was increased by the high wages it was having to pay to attract miners and truck drivers. In this instance, Rio Tinto began using new robotic technology to

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substitute capital for labor in production.

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add capital as a complementary resource for its labor.

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substitute labor for capital in production.

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add labor as a complementary resource for its capital.

Textbook

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

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