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April 19, 2014

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?

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