Kenji's Performance Pizza is a small restaurant in Ottawa that sells gluten-free pizzas. Kenji's very tiny kitchen has barely enough room for the two ovens in which his workers bake the pizzas. Kenji signed a lease obligating him to pay the rent for the two ovens for the next year. Because of this, and because Kenji's kitchen cannot fit more than two ovens, Kenji cannot change the number of ovens he uses in his production of pizzas in the short run.However, Kenji's decision regarding how many workers to use can vary from week to week because his workers tend to be students. Each Monday, Kenji lets them know how many workers he needs for each day of the week. In the short run, these workers are ______ (VARIABLE or FIXED) inputs, and the ovens are ______ (VARIABLE or FIXED) inputs. Kanjis Performance Pizza is a small restaurant in Ottawa that sells gluten-tres pizzas. Kang's vary tiny kitchen has barely enough room for the twoovens in which his workers bake the pizzas. Kenji signed a lease obligating him to pay the rent for the two ovens for the next year. Because of this,and because Kenj's kitchen cannot fit more than two ovens, Kengi cannot change the number of ovens he uses in his production of pizzas in the shortrun.However, Kenj's dedsion regarding how many workers to use can vary from week to week because his workers tend to be students. Each Monday,Kanji lets tham know how many werkers he needs for each day of the week. In the short run, these workers areInputs, and the ovensinputs.areKanjis dally production schedule is presented in the following table.FIN in the bianks to complete the Marginal Product of Labour column for each werker.OutputMarginal Product of LabourNumber of Workers (Pizzas) (Pizas)110021802404200300On the following graph, plot Keny's production function using the green ponts (trengle symbel).Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.Hint: Be sure to plot the first point at (0, 0).270Froducton Functon240On the following graph, plot Kans production function using the green points (trangle symbal).Note: Plot your points in the order in which you would like tham connected. Lina segments will connect the points automatically.Hint: Be sure to plot the first point at (0, 0).300270Production Function24021010016012030LABOUR HIRED (Number of workera)Suppose that labour is Kenji's only variable cost and that he has a fixed cost of $50 per day and pays each of his workers $40 per day.QUANTITY OF OUTPUT Pizs) Suppose that labour is Kenji's only variable cost and that he has a fixed cost of s50 per day and pays each of his workers $40 per day.Use the orange paints (square symber) to plot Kanji's tetai coat curve an the fellowing graph waing the quanticies from the preceding table.300270Suppose that labour is Kenji's only variable cost and that he has a fixed cost of $50 per day and pays each of his workers $40 per day.Use the orange points (square symbol) to plot Kenji's total cost curve on the following graph using the quantities from the preceding table300270Total Cost240210180160120003030D0 120 190 100 210 240 270 300QUANTITY OF OUTPUT (Pizzas)The law of diminishing marginal product of labour is demonstrated by which of the following?O Total output dedlines as you increase the quantity of labour.Total output increases at a decreasing rate as you increase the quantity of labour.O Total output increases only when you increase both labour and ovens.TOTALCCST (D ars;

Total fixed costs are the total obligations of the firm per time period for all fixed inputs. Total…

Answered: However, Kenji's decision regarding how…

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC