If the Wage Is $8 and the Price of a Cupcake

question 77

Multiple Choice

If the wage is $8 and the price of a cupcake is $4, find King Kupcake's profits at the optimal amount of labor. $\begin{array} { l }\text { Quantity of Workers }&100&200&300&400\\\text { Ouantity of Output }&650&950&1,150&1,200\end{array}$

• A) $2,200
• B) $2,600
• C) $4,600
• D) $5,000
• E) $7,500

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Elevated Mood

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