Table 18-3

-Refer to Table 18-3.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 18-3
 
-Refer to Table 18-3.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

According to the table, when the firm employs five workers, they can produce 80 baseballs per day. Each baseball sells for $5, so the total daily revenue would be 80 x $5 = $400. Therefore, the correct answer is D, $2,500, as this is the closest option to the correct answer.

Table 18-3 -Refer to Table 18-3.This Table Describes the Number of Baseballs