A company is currently producing 100 chairs per day. Assume the market currently tells us that the least-cost combination of resources to produce 100 chairs is the following Labor Land 8 units Entrepreneurial ability Now assume the company sells 100 chairs at $5 per unit, and then answer the following questions: Instructions: Enter your answers as whole numbers
a. What is the company's total revenue?
b. What is the company's total cost?
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Home » Business » A company is currently producing 100 chairs per day. Assume the market currently tells us that the least-cost combination of resources to produce 100 chairs is the following Labor Land 8 units Entrepreneurial ability Now assume the company sells 100