Consider two firms producing smartphones. One uses a highly automated robotics process, while the other uses human workers on an assembly line and pays overtime when there is heavy production demand. a. Which firm will have higher profits in a recession? Firm using human workers Firm using robotics b. Which firm will have higher profits in a boom? Firm using human workers Firm using robotics c. Which firm’s stock will have a higher beta? Firm using robotics Firm using human workers