The following table depicts both the product and labor markets for imported coffee. What is the total revenue when 15 workers per day are hired?

A) $5,000
B) $6,750
C) $7,350
D) $7,500


B

Economics

You might also like to view...

It is more profitable for a firm to be_______ than ________

a. In perfect competition; monopolists b. A monopolists; in perfect competition c. Not in business; in business d. All of the above

Economics

Expansionary fiscal policy tends to:

A. lower U.S. income, reduce U.S. imports, and lower the trade deficit. B. raise U.S. income, increase U.S. imports, and lower the trade deficit. C. lower U.S. income, reduce U.S. imports, and increase the trade deficit. D. raise U.S. income, increase U.S. imports, and increase the trade deficit.

Economics

Refer to the table above. What is the total cost of producing 145 units of the good?

A) $90 B) $180 C) $190 D) $210

Economics

It is often impossible for a business firm to determine its private costs of production

a. True b. False Indicate whether the statement is true or false

Economics