Largo publishing house adjust input usage

Assignment Help Microeconomics
Reference no: EM13123823

The Largo Publishing House uses 400 printers and 200 printing press to produce book. A printer's wage rate is $ 20, and the price of a printing press is $ 5000. 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: EM13123823

Questions Cloud

What volume of a koh solution is needed : An acid solution is 0.120 M in HCl and 0.210 M in H2SO4.What volume of a 0.160 M KOH solution would have to be added to 550.0 mL of the acidic solution to neutralize completely all of the acid.
Calculate confidence interval for difference in proportions : Calculate a 95% confidence interval for the difference in the proportions of birth defects when the contaminated well was in use and when the contaminated well was not in use.
Prepare the general journal entry to record this requisition : Frogger Company uses a job order cost accounting system. On January 1, $15,000 of direct materials and $3,500 of indirect materials were requisitioned for production. Prepare the general journal entry to record this requisition.
Determining straight line and slope : If a and b are positive numbers, what is all the information we can deduce about the relationship between the lines: L1: y = - ax + b and L2: y = (1/a)x + b?
Largo publishing house adjust input usage : 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?
Determine the moles of acid neutralized : Al(OH)3 + 3HCl ---> AlCl3 + 3H2O Determine the moles of acid neutralized if a tablet contains 0.200 mol Al(OH)3
Compute the probability that to score on one attempt : Assuming that this probability does not change, he would like to compute the probability that he will score on 1 or more of his next 4 attempts. He should use?
Brink of bankruptcy : During the 1990s, several airlines were on the brink of bankruptcy. These same airlines were giving away millions of dollars in free airline travel through their frequent-flyer programs. Do you think it would have been a good idea for these airlines ..
Prepare a journal entry dated december to record : Information regarding Central Company's individual investments in securities during its calendar-year 2011, along with the December 31,2011, fairs value, follows.

Reviews

Write a Review

Microeconomics Questions & Answers

  Find the equilibrium price and quantity for market

Find the equilibrium price and quantity for this market and Draw the budget constraint between "leisure hours" on the horizontal axis and "wage income" on the vertical.

  Theory in engineering economics

Why is a common analysis period necessary in comparing mutually exclusive alternatives by the "Present Worth Method", but is not necessary in the "Equivalent Uniform Annual Cash Flow method"?

  Six-firm concentration ratio-herfindahl-hirschman index

Suppose the market shares of the six largest firms in the industry are 12 percent each. Compute the six-firm concentration ratio and Herfindahl-Hirschman index for this industry.

  Determine what is the cumulative change in concentration

Determine what is the cumulative change in concentration of iodide ion at each of these four times?

  Socially efficient price-units of output-profits

Find out the socially efficient price, units of output and profits? How much output would a monopoly produce? Find out the price and profits of the monopolist?

  Computing output at shut down point

At a price of $24, should a perfectly competitive firm operate or shut down in a the short run if its TC is given as:

  Explain the macroeconomic and microeconomic concepts

Microeconomics is considered to be the study of scarce resources. Here, customers must make allocation decisions. These 3-basic trade offs include which goods or services are to be manufactured,

  Questions on opportunity cost

Economists make decisions by thinking in terms of alternatives. Why do economists thinks there is no such thing as a free lunch?

  Explain a real sexual harassment issue

In your role as new human resources manager, you plan to make a series of videos with various situations. These situations will allow the workers to view real life sexual harassment issues that they may have to deal with.

  Determine the pattern of production and trade

In our treatment of the Ricardian model We have focused on the case of trade involving only two nations. Assume that there are many nations capable of producing two goods

  Discuss - should the federal reserve be independent

The Federal Reserve is most likely the most independent government agency in the US. Independence means that Fed is free from presidential and congressional political pressures.

  Oligopolistic market and monopolist market

What are the advantages and disadvantages of the oligopolistic structure? How would an increase in a monopolist's fixed costs affect its profit-maximizing choice of price and quantity?

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