A Publishing company uses 400 printers and 200 printing presses to produce books. A printer’s wage rate is $20, & the price of a printing press is $5,000. The last printer added 20 books to total output, & the last press added 1,000 books to total output. Is the company making the optimal input choice? Why or why not? If not, how should the manager adjust input usage?
A Publishing company uses 400 printers and 200 printing presses to produce books. A printer’s wage rate is $20, the price of a printing press is…
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