A publishing house is using 400 printers and 200 printing presses to produce books. The printers' wage rate is $20 and the price of a printing press is $100. The last printer added 20 books to total output, while the last press added 50 books to total output. In order to maximize the number of books published with a budget of $28,000, the publishing house
A) should continue to use 400 printers and 200 presses.
B) should use more printers and fewer presses because printers cost less than presses.
C) should use more printers and fewer presses because the last dollar spent on a printer yielded more output than the last dollar spent on a press.
D) should use more presses and fewer printers because the marginal output of the last press was more than the marginal output of the last printer.
E) should use more presses and fewer printers because the last dollar spent on a press yielded more output than the last dollar spent on a printer.
Correct Answer:
Verified
Q64: A dentist's office, which wants to serve
Q65:
A housecleaning company receives $25
Q66:
Randolph is taking three courses
Q67:
A restaurant hires cooks and
Q68:
A restaurant hires cooks and
Q70:
Dr. X, an assistant professor
Q71:
A politician, who wants to
Q72: A restaurant currently has two cooks and
Q73:
A metal refining plant emits
Q74:
A restaurant hires cooks and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents