May 24, 2016

Homework Help: Economics

Posted by Nicole on Monday, October 11, 2010 at 2:27pm.

The Largo Publishing House uses 400 printers and 200 printing presses to produce books. A printer's wage rate is $20, and a printing press costs $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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