2. Inputs and outputs Frances's Performance Pizza is a small restaurant in Detroit that sells gluten-free pizzas. Frances's very tiny kitchen has barely enough room for the four ovens in which her workers bake the pizzas. Frances signed a lease obligating her to pay the rent for the four ovens for the next year. Because of this, and because Frances's kitchen cannot fit more than four ovens, Frances cannot change the number of ovens she uses in her production of pizzas in the short run. However, Frances's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Frances lets them know how many workers she needs for each day of the week. In the short run, these workers are inputs, and the ovens are inputs. Frances's daily production schedule is presented in the following table.

2. Inputs and outputs Frances's Performance Pizza is a small restaurant in Detroit that sells gluten-free pizzas. Frances's very tiny kitchen has barely enough room for the four ovens in which her workers bake the pizzas. Frances signed a lease obligating her to pay the rent for the four ovens for the next year. Because of this, and because Frances's kitchen cannot fit more than four ovens, Frances cannot change the number of ovens she uses in her production of pizzas in the short run. However, Frances's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Frances lets them know how many workers she needs for each day of the week. In the short run, these workers are inputs, and the ovens are inputs. Frances's daily production schedule is presented in the following table.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 4SCQ: Based on your answers to the WipeOut Ski Company in Exercise 7.3, now imagine a situation where the...

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D 3 om for the four Juanita's Performance Pizza is a small restaurant in Dallas that sells gluten-free pizzas. Juanita's very tiny kitchen has barely enough ovens in which her workers bake the pizzas. Juanita signed a lease obligating her to pay the rent for the four ovens for the next year. Because of this, and because Juanita's kitchen cannot fit more than four ovens, Juanita cannot change the number of ovens she uses in her production of pizzas in the short run. However, Juanita's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Juanita lets them know how many workers she needs for each day of the week. In the short run, these workers are variable inputs, and the ovens are fixed inputs. Esc Juanita's daily production schedule is presented in the following table. Fill in the blanks to complete the Marginal Product of Labor column for each worker. Output Marginal Product of Labor (Pizzas) (Pizzas) Labor (Number…