Table 18-9

-Refer to Table 18-9.This table describes the number of baseballs a manufacturer can produce per day with different quantities of labor.Each baseball sells for $5 in a competitive market.What is the total revenue per day that the firm will earn if it employs five workers?

Question

Table 18-9
 
-Refer to Table 18-9.This table describes the number of baseballs a manufacturer can produce per day with different quantities of labor.Each baseball sells for $5 in a competitive market.What is the total revenue per day that the firm will earn if it employs five workers?

Quizplus · Accepted Answer

With five workers, the manufacturer can produce 225 baseballs per day, as shown in the table. At a price of $5 per baseball, the total revenue per day is:

225 baseballs × $5/baseball = $1,125

Therefore, the correct answer is D) $2,500.

Table 18-9 -Refer to Table 18-9.This Table Describes the Number of Baseballs