Use TABLE $2$ to answer the underlined question below. The firm is producing a product called Widgets. Labor is the amount of workers the firm hires. The term Quantity describes the amounts of Widgets the firm makes. P of Output means the price each Widget sells for. Wage Rate is the wages paid to the workers. MP stands for Marginal Product $($of labor$).$ VMP stands for Value Marginal Product $($of labor$).$

$\backslash$table$[[$T A B L E $2,],[$Labor$,$Quantity,$\backslash$table$[[$Price of$],[$Output$]],$Wage Rate,MP$,$VMP$],[0,0,$$$5,$$$400,,],[1,100,$$$5,$$$400,,],[2,220,$$$5,$$$400,,],[3,320,$$$5,$$$400,,],[4,400,$$$5,$$$400,,],[5,475,$$$5,$$$400,,],[6,540,$$$5,$$$400,,],[7,600,$$$5,$$$400,,],[8,650,$$$5,$$$400,,],[9,690,$$$5,$$$400,,],[10,700,$$$5,$$$400,,]]$

Using the formula VMP $=W,$ what is the equilibrium Quantity of widgets the firm produces?

Hint: First find VMP by noting that VMP $=PMP,$ and that $MP=Q$ uantity$/$ Labor. Then, use the equilibrium formula VMP $=$ W$,$ to find the equilibrium number of labor the firm hires. Once you find the equilibrium number of workers $($Labor$)$ the firm will hire, look at the corresponding Quantity numbers which will tell you the amount of widgets being produced by that equilibrium number of labor.