Table: Labor and Output

Reference Ref $11-10$ Table: Production Function for Soybeans

$($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 $70$ bushels of soybeans is:

$\backslash (\backslash$square $\backslash )\backslash$$$1,024.$

$\backslash (\backslash$$ $400\backslash ).$

$\backslash$$$250.$

$\backslash$$$550.$