Choose three of the five questions below. For each question, write at least a 2-3 paragraph response.
September 3, 2020
According to some economists asset price bubbles are outcomes of market imperfections or deviations from the ideal of perfectly competitive markets.
September 3, 2020

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?

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