Table: Labor and Output

$\backslash$begin$\{$tabular$\}\{|$c$||$c$||\}$

$\backslash$hline $\backslash$begin$\{$tabular$\}\{$c$\}$

Quantity of Labor $\backslash \backslash$

$($workers$)$

$\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$c$\}$

Quantity of soybeans $\backslash \backslash$

$($bushels$)$

$\backslash$end$\{$tabular$\}\backslash \backslash$

$\backslash$hline $0$ & $0\backslash \backslash$

$\backslash$hline $\backslash$hline $1$ & $25\backslash \backslash$

$\backslash$hline $\backslash$hline $2$ & $45\backslash \backslash$

$\backslash$hline $\backslash$hline $4$ & $60\backslash \backslash$

$\backslash$hline $\backslash$hline $5$ & $70\backslash \backslash$

$\backslash$hline $\backslash$hline Reference: Ref $11-10$ Table: Production Funclion for Soybeans & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

$($Table: Production Function for Soybeans$)$ Use Table: Production Function for Soybeans. Assume that the fixed input, capital, is $10$ acres of land and a tractor, which have a combined cost of $\backslash (\backslash$$ $150\backslash )$ per day. The cost of labor is $\backslash (\backslash$$ $100\backslash )$ per worker per day. The total cost of producing $60$ bushels of soybeans is:

$\backslash (\backslash$square $\backslash )\backslash$$$750.$

$\backslash$$$150.$

$\backslash$$$450.$

$\backslash (\backslash$$ $900\backslash ).$