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Cascade Enterprises enjoys a substantial amount of market power in this market. Cascade has fixed costs of $2,000. Currently Cascade Enterprise employs eight workers to
Cascade Enterprises enjoys a substantial amount of market power in this market. Cascade has fixed costs of $2,000. Currently Cascade Enterprise employs eight workers to produce 430 units of output and, the last unit of worker contribute 40 units of output. If Cascade Enterprises pay a monthly wage rate of $2,000 and charge $50 per units for its product, what is the amount of profit made?
A. | $3,500 | |
B. | $5,500 | |
C. | $ 60 | |
D. | $1,680 |
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