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March 29, 2017

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The Largo Publishing House uses 400 printers and 200 printing presses tp produce books. A printer's wage rate is $20, and the price of a printing press is $5,000. The last printer added 20 books to total output, while the last press added 1,000 books to total output. Is the publishing house making the optimal input choice? Why or why not? If not, how should the manager of Largo Publishing House adjust input usage?

  • managerial economics - ,

    Printer= 8,400 Press=6,000

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