I publishing house making optimal input choice why or why

Assignment Help Microeconomics
Reference no: EM13389186

Publishing House uses 400 printers and 200 printing presses to produce books. A printers 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?

Reference no: EM13389186

Questions Cloud

Show on the supply-and-demand diagram and describe in words : show on a supply-and-demand diagram and explain in words what will happen to the canadian exchange rate compared to the
Contrast the advantages and disadvantages of the direct and : contrast the advantages and disadvantages of the direct and indirect methods of preparing the statement of cash
A firm acquires a strategically related target after : nbsp1 consider the following scenario a firm acquires a strategically related target after successfully fending off
For this task you will participate in a simulation with : for this task you will participate in a simulation with your classmates in which you are in charge of a sensor
I publishing house making optimal input choice why or why : publishing house uses 400 printers and 200 printing presses to produce books. a printers wage rate is 20 and the price
Discuss the pros and cons of option 1and prioritize your : merit had maintained its status as a private company financing its growth by reinvesting profits and when necessary
Fr each of the given scenarios estimate how much value an : for each of the following scenarios estimate how much value an acquisition will create how much of that value will be
While last unit of capital adds 65 units to total output is : suppose a firm is currently using 500 laborers and 325 units of capital to produce its product. the wage rate is 25 and
Coca-cola reports the fair values of its publicly traded : access the coca-cola companys sec 10-k filing at www.coca-cola.com and address the following1. what companies does

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain oi two-part tariff

Assuming that Disneyland wants to serve both types of consumers, find the entry fee and the marginal price under the Oi two-part tariff. Assuming that Disneyland wants to serve both types of consumers, find the entry fee and the marginal price un..

  How a nation can accelerate its economic growth

which would be least likely to cause the production possibilities curve to shift to the right a. an increase in the labor force b. improved methods of production c. an increase in the eduction and training of the labor force d. a decrease in unemploy..

  Select six products orand services that you consume and

select six products orand services that you consume and write an analysis of the elasticity of demand for each of the

  Develop the timeline with an overview of information

you are working with a new employee who has experienced minimal exposure to computers or networks. as part of the

  Why us was pursuing a contractionary fiscal policy

During 1993 when the economy was growing very slowly, President Clinton recommended a series of spending cuts and tax increases designed to reduce the deficit. These were passed by Congress in the Omnibus Budget Reconciliation Act of 1993.

  The demand curve for 48 sony flat screen televisions is

the demand curve for 48 sony flat screen televisions is likely to move to the right when consumer incomes increase.the

  Copy center is facing a cost-push or demand-pull inflation

From Part 2 of the scenario, identify whether the copy center is facing a cost-push or demand-pull inflation and provide a rationale for your answer. Suggest a business strategy that would offset the type of inflation you have identified.

  Effect of lowering reserve requirement on the money supply

A substantial increase in imports of apparel from China that intensively use unskilled labor has generated some unrest in import competing industries, particularly among non-college workers. If all US apparel imports were from Taiwan only, would y..

  Commercial recording inc is a manufacturer and distributor

commercial recording inc. is a manufacturer and distributor of reel to reel recording decks for commercial recording

  What is the profit maximizing level of output

Write the expression for this firm's Total Revenue and write the expression for this firm's marginal revenue - what is the profit maximizing (or loss minimizing) level of output

  Solving various pricing questions

As part of the preparations for the arrival of a hurricane, NC residents sought to buy electricity generators. As a result, you expect that in NC

  Explain the process by which you came to the conclusion

At a meeting with the manager, the accountant suggested raising the price of the hamburgers to $4.00 to improve the profit margin (P – AC). The manager noted that this would lead to a decline in sales, which would increase average cost even further.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd