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October 22, 2014

Homework Help: Managerial Economics

Posted by Carrie on Tuesday, November 10, 2009 at 5:50pm.

The Largo Publishing House 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, 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?

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