Janet's Performance Pizza is a small restaurant in Miami that sells gluten-free pizzas. Janet's very tiny kitchen has barely enough room for the four ovens in which her workers bake the pizzas. Janet signed a lease obligating her to pay the rent for the four ovens for the next year. Because of this, and because Janet's kitchen cannot fit more than four ovens, Janet cannot change the number of ovens she uses in her production of pizzas in the short run. However, Janet's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Janet lets them know how many workers she needs for each day of the week. In the short run, these workers are are inputs. inputs, and the ovens Janet's daily production schedule is presented in the following table. Fill in the blanks to complete the Marginal Product column for each worker. Total Output Marginal Product Number of Workers (Pizzas) (Pizzas) 0 1 50 2 90 3 120 4 140 5 150

Janet's Performance Pizza is a small restaurant in Miami that sells gluten-free pizzas. Janet's very tiny kitchen has barely enough room for the four ovens in which her workers bake the pizzas. Janet signed a lease obligating her to pay the rent for the four ovens for the next year. Because of this, and because Janet's kitchen cannot fit more than four ovens, Janet cannot change the number of ovens she uses in her production of pizzas in the short run. However, Janet's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Janet lets them know how many workers she needs for each day of the week. In the short run, these workers are are inputs. inputs, and the ovens Janet's daily production schedule is presented in the following table. Fill in the blanks to complete the Marginal Product column for each worker. Total Output Marginal Product Number of Workers (Pizzas) (Pizzas) 0 1 50 2 90 3 120 4 140 5 150

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Lesson 8 - Costs Question 2