The following table shows the relationship between the number of workers employed and outputs at Wendy’s Café. Number of WorkersCups of Coffee Produced(per day)1502953135417052006225 Suppose the market price of each cup of coffee is $20, and the market daily wage for each worker is $800. In order to maximize profit, how many workers should Wendy’s Café employ? Explain and show the steps of your calculations.

Given: Number of workers Cups of Coffee Produced 1 50 2 95 3 135 4 170 5 200 6 225

Answered: The following table shows the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The following table shows the relationship between the number of workers employed and outputs at Wendy’s Café.

Number of Workers	Cups of Coffee Produced (per day)
1	50
2	95
3	135
4	170
5	200
6	225

Suppose the market price of each cup of coffee is $20, and the market daily wage for each worker is $800. In order to maximize profit, how many workers should Wendy’s Café employ? Explain and show the steps of your calculations.

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