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Question
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?
| Labor Input (workers per day) | Total Physical Product | Product Price ($) |
| 10 | 100 | 50 |
| 11 | 110 | 49 |
| 12 | 120 | 48 |
| 13 | 130 | 47 |
| 14 | 140 | 46 |
| 15 | 150 | 45 |
A) $5,000
B) $6,750
C) $7,350
D) $7,500
Answer
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