(Solved): Suppose a company is currently producing 100 chairs per day. Assume the table shows the least-co pro ...

Suppose a company is currently producing 100 chairs per day. Assume the table shows the least-co producing those 100 chairs. Labor Land Capital Entrepreneurial ability $ 400 x Number of Units 10 $ 8 2 Instructions: Enter your answers as a whole number. a. If the company sells these 100 chairs at $5 per unit, what is its total revenue? 465 Price per Unit ($) $ 10 20 b. Using this same information, what is the company's total cost? 20 10