Use the orange points (square symbol) to plot Aliyah's total cost curve on the following graph using the quantities from the preceding table. 200 180 160 TOTAL COST (Dollars) 140 120 100 80 60 40 40 00 20 0 0 25 50 75 100 125 150 175 200 225 250 QUANTITY OF OUTPUT (Pizzas) -0- Total Cost (?) The law of diminishing marginal product of labor is demonstrated by which of the following? O Total output declines as you increase the quantity of labor. Aliyah's Pizzas is a takeout-only pizza parlor servicing the college campus of Tallahassee that specializes in vegan pizzas. Aliyah's small shop has barely enough room for customers to stand and wait, let alone the four pizza ovens necessary to keep up with the hungry student customers. Aliyah signed a lease renting both the four ovens and the storefront for the next year. Due to the terms of the lease and the building's size constraint, Aliyah is unable to change the store's number of pizza ovens in the short run. However, Aliyah does face a decision regarding the number of employees to schedule on a weekly basis. Every Sunday, Aliyah contacts the staff to communicate the amount of workers needed on each day of the upcoming week. In the short run, the store employees are pizza ovens are inputs. inputs, and The following table presents Aliyah's daily production schedule. Fill in the blanks to complete the Marginal Product of Labor column for each worker. Labor Output Marginal Product of Labor (Number of workers) (Pizzas) (Pizzas) 0 0 1 80 2 150 3 200 4 220 AAAAA 5 230
Use the orange points (square symbol) to plot Aliyah's total cost curve on the following graph using the quantities from the preceding table. 200 180 160 TOTAL COST (Dollars) 140 120 100 80 60 40 40 00 20 0 0 25 50 75 100 125 150 175 200 225 250 QUANTITY OF OUTPUT (Pizzas) -0- Total Cost (?) The law of diminishing marginal product of labor is demonstrated by which of the following? O Total output declines as you increase the quantity of labor. Aliyah's Pizzas is a takeout-only pizza parlor servicing the college campus of Tallahassee that specializes in vegan pizzas. Aliyah's small shop has barely enough room for customers to stand and wait, let alone the four pizza ovens necessary to keep up with the hungry student customers. Aliyah signed a lease renting both the four ovens and the storefront for the next year. Due to the terms of the lease and the building's size constraint, Aliyah is unable to change the store's number of pizza ovens in the short run. However, Aliyah does face a decision regarding the number of employees to schedule on a weekly basis. Every Sunday, Aliyah contacts the staff to communicate the amount of workers needed on each day of the upcoming week. In the short run, the store employees are pizza ovens are inputs. inputs, and The following table presents Aliyah's daily production schedule. Fill in the blanks to complete the Marginal Product of Labor column for each worker. Labor Output Marginal Product of Labor (Number of workers) (Pizzas) (Pizzas) 0 0 1 80 2 150 3 200 4 220 AAAAA 5 230
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Transcribed Image Text:Use the orange points (square symbol) to plot Aliyah's total cost curve on the following graph using the quantities from the preceding table.
200
180
160
TOTAL COST (Dollars)
140
120
100
80
60
40
40
00
20
0
0
25
50
75 100 125 150 175 200
225 250
QUANTITY OF OUTPUT (Pizzas)
-0-
Total Cost
(?)
The law of diminishing marginal product of labor is demonstrated by which of the following?
O Total output declines as you increase the quantity of labor.
Transcribed Image Text:Aliyah's Pizzas is a takeout-only pizza parlor servicing the college campus of Tallahassee that specializes in vegan pizzas. Aliyah's small shop has
barely enough room for customers to stand and wait, let alone the four pizza ovens necessary to keep up with the hungry student customers. Aliyah
signed a lease renting both the four ovens and the storefront for the next year. Due to the terms of the lease and the building's size constraint, Aliyah
is unable to change the store's number of pizza ovens in the short run.
However, Aliyah does face a decision regarding the number of employees to schedule on a weekly basis. Every Sunday, Aliyah contacts the staff to
communicate the amount of workers needed on each day of the upcoming week. In the short run, the store employees are
pizza ovens are
inputs.
inputs, and
The following table presents Aliyah's daily production schedule.
Fill in the blanks to complete the Marginal Product of Labor column for each worker.
Labor
Output
Marginal Product of Labor
(Number of workers)
(Pizzas)
(Pizzas)
0
0
1
80
2
150
3
200
4
220
AAAAA
5
230
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