Suppose that labor is Kyoko's only variable cost and that she has a fixed cost of $10 per day and pays each of her workers $50 per day.Use the orange points (square symbol) to plot Kyoko's total cost curve on the following graph using the quantities from the preceding table.280260240Total Cost220200180160140120100806040200.406080100120140160180200QUANTITY OF OUTPUT (Pizzas)TOTAL COST (Dollars)20 yoko's Performance Pizza is a small restaurant in San Francisco that sells gluten-free pizzas. Kyoko's very tiny kitchen has barely enough room forhe three ovens in which her workers bake the pizzas. Kyoko signed a lease obligating her to pay the rent for the three ovens for the next year.Because of this, and because Kyoko's kitchen cannot fit more than three ovens, Kyoko cannot change the number of ovens she uses in her productionof pizzas in the short run.However, Kyoko's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday,inputs, and theKyoko lets them know how many workers she needs for each day of the week. In the short run, these workers areovens areinputs.Kyoko's daily production schedule is presented in the following table.Fill in the blanks to complete the Marginal Product of Labor column for each worker.Marginal Product of Labor(Pizzas)LaborOutput(Number of workers)(Pizzas)1702.12016041902009 M

The marginal productivity of labor (MPL) is the additional amount of Pizza gained by hiring one…

yoko's Performance Pizza is a small restaurant in San Francisco that sells gluten-free pizzas. Kyoko's very tiny kitchen has barely enough room for ne three ovens in which her workers bake the pizzas. Kyoko signed a lease obligating her to pay the rent for the three ovens for the next year. ecause of this, and because Kyoko's kitchen cannot fit more than three ovens, Kyoko cannot change the number of ovens she uses in her production of pizzas in the short run. However, Kyoko's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, inputs, and the Kyoko lets them know how many workers she needs for each day of the week. In the short run, these workers are ovens are inputs. Kyoko's daily production schedule is presented in the following table.

yoko's Performance Pizza is a small restaurant in San Francisco that sells gluten-free pizzas. Kyoko's very tiny kitchen has barely enough room for ne three ovens in which her workers bake the pizzas. Kyoko signed a lease obligating her to pay the rent for the three ovens for the next year. ecause of this, and because Kyoko's kitchen cannot fit more than three ovens, Kyoko cannot change the number of ovens she uses in her production of pizzas in the short run. However, Kyoko's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, inputs, and the Kyoko lets them know how many workers she needs for each day of the week. In the short run, these workers are ovens are inputs. Kyoko's daily production schedule is presented in the following table.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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