Question: Please answer the last 2 question With current technology, suppose a firm is producing 800 loaves of banana bread daily. Also assume that the least-cost

Please answer the last 2 question

With current technology, suppose a firm is producing 800 loaves of banana bread daily. Also assume that the least-cost combination of resources for producing those loaves is 5 units of labor, 7 units of land, 2 units of capital, and 1 unit of entrepreneurial ability, selling at prices of $40, $60, $60, and $20, respectively. Assume the firm can sell these 800 loaves at $1 per unit. Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. What is the firm's total revenue? $ 800 What is its total cost? Calculate the amount of economic profit or loss

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