Use the following to answer question:
-(Table: Workers and Output)Use Table: Workers and Output.After graduation,you achieve your dream of opening an art shop that specializes in selling mud statues.You pay $10 per day on a loan from your uncle,regardless of how much you produce.You also pay $10 per day to each of the workers who you hire to make the mud statues.The total cost of producing 43 statues is:
A)$10.
B)$20.
C)$40.
D)$50.

Question

Use the following to answer question: 
-(Table: Workers and Output)Use Table: Workers and Output.After graduation,you achieve your dream of opening an art shop that specializes in selling mud statues.You pay $10 per day on a loan from your uncle,regardless of how much you produce.You also pay $10 per day to each of the workers who you hire to make the mud statues.The total cost of producing 43 statues is:
A)$10. 
B)$20. 
C)$40. 
D)$50.

Quizplus · Accepted Answer

From the table, we see that the production of 43 statues requires 5 workers. 
The daily cost for the loan and workers is: 
Loan cost = $10 
Workers cost = $10/worker x 5 workers = $50 
Total cost = Loan cost + Workers cost = $10 + $50 = $60 
Therefore, the total cost of producing 43 statues is $60. The closest answer choice is D, $50.

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