The last printer added 20 books to total output while the, Ask an Expert

Economics

The Largo Publishing House uses 400 printers and 2 printing presses to produce books. A printer's wage rate is $20, and the price of the 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?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9284899

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