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Listed below is information on production for a firm that produces wheat.They can vary the number of workers.The land they use is fixed at one

Listed below is information on production for a firm that produces wheat.They can vary the number of workers.The land they use is fixed at one acre.

The Wage is $ 40 The land costs $ 100The wheat sells for $ 10 per unit

1) With 3 workers TOTAL PRODUCT is equal to ? #of workers Marginal product

1.....................20

2) With 5 workers TOTAL PRODUCT is equal to?2.....................60

3.................... 100

3) With 4 workers TOTAL COST is equal to ?4......................70

5......................10

4) With 6 workers TOTAL REVENUE equal to?6........................4

7.........................1

5)With 7 workers, TOTAL REVENUE is equal to ?

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