How should the manager of largo publishing house

Assignment Help Econometrics
Reference no: EM13212651

The Largo Publishing House uses 400 printers and 200 printing presses to produce books. A printer's 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: EM13212651

Questions Cloud

Explain the acidity of substituted benzenes : the acidity of substituted benzenes and why it is so. Examples of molecules are p-nitrotoluene compared to m-nitrotoluene.
Explain triangular-planar molecule shape : apply to NHCl3. A. polar bonds B. nonpolar molecule C. triangular-planar molecule shape D. sp2 hybirdized
Determine the minimum coefficient of static friction : Determine the minimum coefficient of static friction between the crate and the truck so that the crate does not slide relative to the truck.
Design a high pressure homogenizer for the manufacture : Design a high pressure homogenizer for the manufacture of 10^6 kg per year of salad dressing.
How should the manager of largo publishing house : A printer's 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.
Define what is the mole fraction of a in the vapor : what is the mole fraction of A in the vapor above a binary solution of A and B in which the mole fraction of A is 0.30?
What is the maximum temperature gradient in the glass : How long wi1l it take for the mid plane temperature to achieve 50% of its maximum possible temperature reduction?
Analysis of the utilization of assets in terms of efficiency : Provide an analysis of the utilization of assets in terms of efficiency and what are measurements associated with returns and activity ratios?
Explain molecular orbital theory compare the species : molecular orbital theory compare these species with regard to A. their magnetic character B. net number of pie bonds C. bond orber, and D. bond length

Reviews

Write a Review

Econometrics Questions & Answers

  Compute a consumer price index for apples for each year

Abby consumes only apples. In year 1, red apples cost $1 each, green apples cost $2 each, and Abby buys only 10 red apples. In year 2, red apples cost $2, green apple costs $1, and Abby buys only 10 green apples. a. Compute a consumer price index ..

  Calculate the banks excess reserves

the balnce sheet of a bank. the reserve requirment is 3% on the first 30 million of transactions deposits and 10% on transactions deposits in excess of 30 million. the bak holds no required clearinf balances. Bank balance sheet(amount in millions)

  How large of a sample would have to be taken to provide

A university planner wants to determine the proportion of spring semester students who will attend summer school. She surveys 32 current students discovering that 12 will return for summer school.

  Determine the rate of return on the investment

Sean Bell invested $10,000 on a blue chip stock five years ago and paid a commission of $90. He sold it today for $14,192.20 and paid the same commission, exactly 5 years and 4 months since the stock was bought.

  Explain what is the inverse demand function

Ajax, Inc. is a monopolist. The estimated demand function for its product is Qd = 120 - 0.8P + 12Y + 4A Where Qd denotes quantity demanded, P denotes price, Y denotes personal income (in thousands of dollars), and A denotes advertising expenditures

  Find what is the price elasticity of demand

The demand function for bicycles in Mapleville is estimated to be Qd = 2,500 + 10Y - 6 P Where Y denotes income in thousands, Qd is the quantity demanded in units, and P is the price of bicycles. When P = $120, Y = 12 What is the price elasticity o..

  Define the marginal benefit function

A factory benefits from discharging effluent, q, into a lake. The marginal benefit function is given by 60-2q. The pollution causes damages to two nearby communities. The marginal damages to Community A are 1q. The marginal damages to community B ..

  What would be the total cost of production of plants a and b

Chemco operates two plants A and B, which produce the same product. The capacity of plant A is $60,000 gallons while that of B is $80,000 gallons. The annual fixed cost of plant A is $2600000 per year and the variable cost is $32 per gallon.

  What life of the insulated tank has the lowest euac

The Clap Chemical Company needs a large insulated stainless steel tank to expand its plant. Clap has located such a tank at a recently closed brewery. The brewery has offered to sell the tank for $15,000 delivered.

  How many days per year use the car to justify purchase

A sales engineer has the following alternatives to consider in touring his sales territory. (a) Buy a new car for $14,500. Salvage value is expected to be about $5000 after 3 years. Maintenance and insurance cost is $1000 in the first year and inc..

  Determine opportunity cost of delivering an extra pizza

The comparative advantage for pizza production belongs to __________ and the comparative advantage for pizza delivery belongs to __________. Based on their comparative advantages, Pat should specialize in _______ while Corey should specialize in ____..

  How the value of imports exceeded the value of exports

In the economy of Wrexington in 2008, consumption was one-half of gdp, government purchases were $2000 more than investment, investment was one-sixth of gdp, and the value of imports exceeded the value of exports by $500.

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