1. Computing labor productivity and its relationship to the demandfor laborSizzler's produces charcoal grills in a small manufacturing facility and sells the grills in a competitive market. The following table presents thecompany's production function:Labor(Number of workers)0OUTPUT (Grills)400360320280Use the blue points (circle symbol) to plot the production function for Sizzler's on the following graph.240200160120804001023451Output(Grills)09518526032035523LABOR (Number of workers)45Production Function(?)Calculate the marginal product of labor (MPL) of each worker, and then plot the MPL curve on the following graph using the blue points (circlesymbol). Note: Remember to plot each point halfway between two integers. For example, when the number of workers increases from 0 to 1, the MPL of thefirst worker should be plotted with a horizontal coordinate of 0.5, the value halfway between 0 and 1. Line segments will automatically connect thepoints.MPL (Grills per worker)10090A7060508A2010DWAGE (Dolars per worker)150The following graph shows the demand for labor for three different prices per grill:1351201058430115DONLABOR (Number of workers)M10OD☐BD3LABOR (Number of workers)LMPLO~~~Given the company's marginal product of labor curve shown on the second graph, line on this graph shows Sizzler's demand for labor when theprice of a grill is $0.50, and line shows Sizzler's demand for labor when the price of a grill is $1.50.

Marginal revenue product of labor measures the change in a firm's revenue due to using additional…

Answered: Sizzler's produces charcoal grills in a…

Sizzler's produces charcoal grills in a small manufacturing facility and sells the grills in a competitive market. The following table presents the company's production function:

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Question

100%

1. Computing labor productivity and its relationship to the demandfor labor
Sizzler's produces charcoal grills in a small manufacturing facility and sells the grills in a competitive market. The following table presents the
company's production function:
Labor
(Number of workers)
0
OUTPUT (Grills)
400
360
320
280
Use the blue points (circle symbol) to plot the production function for Sizzler's on the following graph.
240
200
160
120
80
40
0
1
0
2
3
4
5
1
Output
(Grills)
0
95
185
260
320
355
2
3
LABOR (Number of workers)
4
5
Production Function
(?)
Calculate the marginal product of labor (MPL) of each worker, and then plot the MPL curve on the following graph using the blue points (circle
symbol).

Note: Remember to plot each point halfway between two integers. For example, when the number of workers increases from 0 to 1, the MPL of the
first worker should be plotted with a horizontal coordinate of 0.5, the value halfway between 0 and 1. Line segments will automatically connect the
points.
MPL (Grills per worker)
100
90
A
70
60
50
8
A
20
10
D
WAGE (Dolars per worker)
150
The following graph shows the demand for labor for three different prices per grill:
135
120
105
84
30
1
15
DO
N
LABOR (Number of workers)
M
1
0
O
D
☐
B
D
3
LABOR (Number of workers)
L
MPL
O
~~~
Given the company's marginal product of labor curve shown on the second graph, line on this graph shows Sizzler's demand for labor when the
price of a grill is $0.50, and line shows Sizzler's demand for labor when the price of a grill is $1.50.

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