Answer ea. with complete solution (s). Don't use chatgpt.

1. ABC Publishing House uses 400 printers and 200 printing presses to produce books. A printer's wage rate is $20 and the price of the printing press is $5,000. The last printer added 20 books to the total output while the last press added $1000 books to the total output. Is the publishing house making the optimal input choice? Why or why not? if not, how should the publishing house adjust the input usage? (3 points) 2. The MorTex Company assembles garments entirely by hand even though a textile machine exists that can assemble garments faster than a human can. Workers cost $50 per day and each additional laborer can produce 200 more units per day. Installation of the first textile machine on the assembly line will increase output by 1,800 units daily. Currently, the firm assembles 5,400 units per day. a. The nancial analysis department at MorTex estimates the price of using a textile machine is $600 per day. Can management reduce the cost of assembling 5,400 units per day by purchasing the textile machine and reducing labor? Why or why not? (5 points) b. The Textile Workers of America is planning to strike for higher wages. Management predicts that if the strike is successful, the cost of labor will increase to $100 per day. If the strike is successful, how would this affect the decision in part a to purchase a textile machine? Explain. (5 points) 3. Commercial bakeries typically sell a variety of products (breads, rolls, mufns, cakes, etc) to local grocery stores. There are substantial economies of scale in the production of each one of the products which makes it cost-effective for bakeries to specialize in the production of just one product. Grocery stores, however, prefer to buy from multiproduct bakeries that sell a full line of bakery products. How might managers organize production to take advantage of the economies of scale and scope in production and marketing that exist in the baking industry? (Spoints)