Homework Help: Economics

Posted by Kingram on Saturday, March 28, 2009 at 11:18pm.

ABC publishing uses 400 printers and 200 printing presses to 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. Is this publisher making a rational decision? Why or why not?

Economics - economyst, Monday, March 30, 2009 at 4:32pm
rational decision about what? buying the last printing press? or hiring the last printer? In either case, you do not present enough information. In particular, you do not have the price a book sells for.

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