Use the data in Table: Katia's Car Wash to answer the question.
When four workers are employed, the total revenue equals _____, and total cost equals _____.
$$\begin{array}{l}
\text { Table: Katia's Car Wash (price } = \$ 8 \text { ) }\
\begin{array} { | l | l | l | l | }
\hline \begin{array} { c }
\text { Number of workers } \
\text { (weekly wage } \$ 400 )
\end{array} & { \begin{array} { c }
\text { Marginal product } \
\text { (weekly) }
\end{array} } & { \begin{array} { c }
\text { Number of cars } \
\text { washed }
\end{array} } & \text { Profit } \
\hline 1 & 80 & 80 & \
\hline 2 & 65 & 145 & \
\hline 3 & 50 & 195 & \
\hline 4 & 40 & 235 & \
\hline
\end{array}
\end{array}$$

Question

Use the data in Table: Katia's Car Wash to answer the question.
When four workers are employed, the total revenue equals _____, and total cost equals _____.
$$\begin{array}{l}
\text { Table: Katia's Car Wash (price } = \$ 8 \text { ) }\
\begin{array} { | l | l | l | l | } 
\hline \begin{array} { c } 
\text { Number of workers } \
\text { (weekly wage } \$ 400 )
\end{array} &  { \begin{array} { c } 
\text { Marginal product } \
\text { (weekly) }
\end{array} } & { \begin{array} { c } 
\text { Number of cars } \
\text { washed }
\end{array} } & \text { Profit } \
\hline 1 & 80 & 80 & \
\hline 2 & 65 & 145 & \
\hline 3 & 50 & 195 & \
\hline 4 & 40 & 235 & \
\hline
\end{array}
\end{array}$$

Quizplus · Accepted Answer

Total revenue is calculated by multiplying the number of cars washed by the price per car wash. With 4 workers, 235 cars are washed weekly at $8 per car, resulting in $1,880 in total revenue. Total cost is calculated by multiplying the number of workers by their weekly wage. With 4 workers at $400 each, the total cost is $1,600.

Use the Data in Table: Katia's Car Wash to Answer