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 printing press added 50 books to total output. The publishing house

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is using the cost–minimizing combination of printers and printing presses.

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should use more printers because they are cheaper than printing presses.

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should use more printing presses because they are more productive than printers.

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could produce the same number of books at a lower cost by using more printing presses and fewer printers.

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could produce the same number of books at a lower cost by using more printers and fewer printing presses.

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A publishing house is using 400 printers and 200 printing presses to produce boo...

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