Question 12 (1 point)

A firm currently employs 40 production workers and 5 supervisors. The marginal product of the last production worker employed is 36 units of output per hour and production workers are paid $8 per hour. The marginal product of the last supervisor employed is 120 units of output per hour and supervisors are paid $20 per hour. Every employee works 40 hours per week. What is the firm's total labor cost per week?

Question 12 options:

a)

$10,200

b)

$16,800

c)

$14,600

d)

$12,400