You are given the following information for a T-shirt
manufacturing firm: Price per T-shirt is $5. With Total Labor Units
as 1 employee, the firm’s Total Product (TP) is 20 shirts/day; with
2 employees, TP=50 shirts/day; with 3 employees, TP=75 shirts/day;
with 4 employees, TP=95 shirts/day; and with 5 employees, TP=110
shirts/day. With zero employees, it produces nothing. Therefore,
the maximum payment to labor per day that this profit-maximizing
T-shirt manufacturer would be willing to make when it wants to...