Iyana's Pizzas is a takeout-only pizza parlor servicing the college campus of Tallahassee that specializes in vegan pizzas. Iyana'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. Iyana 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, Iyana is unable to change the store’s number of pizza ovens in the short run. However, Iyana does face a decision regarding the number of employees to schedule on a weekly basis. Every Sunday, Iyana 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 (variable or fixed) inputs, and pizza ovens are (variable or fixed) inputs. The following table presents Iyana'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 1 100 2 180 3 240 4 280 5 300
Iyana's Pizzas is a takeout-only pizza parlor servicing the college campus of Tallahassee that specializes in vegan pizzas. Iyana'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. Iyana 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, Iyana is unable to change the store’s number of pizza ovens in the short run.
However, Iyana does face a decision regarding the number of employees to schedule on a weekly basis. Every Sunday, Iyana 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 (variable or fixed) inputs, and pizza ovens are (variable or fixed) inputs.
The following table presents Iyana'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 |
100 |
||
|
2 |
180 |
||
|
3 |
240 |
||
|
4 |
280 |
||
|
5 |
300 |
||
|
|
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