Susan is the manager of a firm producing a certain product X. The following schedule shows the total production per week of product X. Additionally, assume each unit of product X sells for $15 per unit, workers can be hired in a competitive labor market for $110 per week, and each unit of capital costs $100 per week.
Labor (L)
Capital (K)
Quantity (Q)
0
4
0
1
4
10
2
4
25
3
4
43
4
4
63
5
4
88
6
4
118
7
4
153
8
4
162
9
4
171
10
4
179
11
4
187
12
4
194
13
4
201
14
4
207
15
4
212
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Susan is the manager of a firm producing a certain product X. The following schedule shows the total production per week
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