Homework Answers
Answer
value of the marginal product =price * marginal product
=11*150
=1650
the value of the marginal product is $1650
Add Answer to:
Suppose the going price of pizza is $11 per pie, the cost of the ingredients used...
Suppose the going price of pizza is $11 per pie, the cost of the ingredients used...
Suppose the going price of pizza is $11 per pie, the cost of the ingredients used to produce pizza is $7, and marginal product of labor is 150 pizzas. What is the value of the marginal product of labor ($)?
Question 7 Homework. Unanswered Suppose the going price of pizza is $11 per pie, the cost...
Question 7 Homework. Unanswered Suppose the going price of pizza is $11 per pie, the cost of the ingredients used to produce pizza is $7, and marginal product of labor is 150 pizzas. What is the value of the marginal product of labor ($)?
Benvenuto is a pizzeria operating in a competitive market. Its short-run production function is shown below....
Benvenuto is a pizzeria operating in a competitive market. Its short-run production function is shown below. Benvenuto's weekly cost of labor is $450 per worker, and its cost of the ingredients used to make pizza is $6 per pie. The going market price of pizza is $9 per pie. Total product (weekly workers)(pizzas per week) Labor 52 1 172 2 33 341 4 536 5 738 6 924 7 1,075 8 1,168 9 1,184 Question 9 Homework Unanswered . In...
Benvenuto is a pizzeria operating in a competitive market. Its short-run production function is shown below....
Benvenuto is a pizzeria operating in a competitive market. Its short-run production function is shown below. Benvenuto's weekly cost of labor is $450 per worker, and its cost of the ingredients used to make pizza is $6 per pie. The going market price of pizza is $9 per pie. Labor Total product (weekly workers) (pizzas per week) 52 OWN 172 341 536 738 924 1,075 1,168 1,184 In the scenario above, when Benvenuto hires a third worker, what is the...
Bongiorno’s is a pizzeria operating in a competitive market. Its short-run production function is shown below....
Bongiorno’s is a pizzeria operating in a competitive market. Its
short-run production function is shown below. Bongiorno’s weekly
cost of capital (plant) is $750, its cost of labor is $320 per
worker, and its cost of the pizza ingredients is $6 per pie. The
going market price of pizza is $13 per pie.
A) In the scenario above, when Bongiorno’s hires a fourth
worker, what is the marginal product of labor?
B) In the scenario above, if Bongiorno’s hires a...
1. Corleone’s Pizza place makes and delivers pizzas. The cost of ingredients (dough, sauce, cheese, toppings,...
1. Corleone’s Pizza place makes and delivers pizzas. The cost of ingredients (dough, sauce, cheese, toppings, box) is $4.00 per pie. Corleone pays his employees $50 per day. He also incurs a fixed cost of $80 per day. Recently he has been producing 60 pies per day using 2 workers. Menu price of pizza is $11. (Show work). Calculate total variable cost per day Calculate average variable cost per pie Calculate the average total cost of a pie Calculate total...
Gino's Pizza shop hires workers in a competitive market to make pizza. The ingredients required to...
Gino's Pizza shop hires workers in a competitive market to make
pizza. The ingredients required to make each pizza cost $5. Daily
output at Gino's Pizza varies with the number of workers hired, as
shown in the table below:
If pizzas sell for $8 each, what is the value marginal product
for the 4th worker?
Select one:
a. $96 per day
b. $112 per day
c. $48 per day
d. $128 per day
Number of Pizzas/day workers 0 0 16...
8. Corleone's Pizza place makes and delivers pizzas. The cost of ingredients (dough, sauce, cheese, toppings,...
8. Corleone's Pizza place makes and delivers pizzas. The cost of ingredients (dough, sauce, cheese, toppings, box) is $4.00 per pie. Corleone pays his employees $50 per day. He also incurs a fixed cost of $80 per day. Recently he has been producing 60 pies per day using 2 workers. Menu price of pizza is $12. (Show work). a Calculate total variable cost per day b. Calculate average variable cost per pie c. Calculate the average total cost of a...
Suppose a pizza parlor has the following production costs: $3.00 in labor per pizza, $1.00 in...
Suppose a pizza parlor has the following production costs: $3.00 in labor per pizza, $1.00 in ingredients per pizza, $0.40 in electricity per pizza, $1,500 in restaurant rent per month, and $450 in insurance per month. Assume the pizza parlor produces 2,000 pizzas per month. What is the variable cost of production (per month)?
Suppose a pizza parlor has the following production costs: $4.00 in labor per pizza, $2.00 in...
Suppose a pizza parlor has the following production costs: $4.00 in labor per pizza, $2.00 in ingredients per pizza, s0.70 in electricity per pizza, $2,500 in restauran rent per month, and $450 in insurance per month. Assume the pizza parlor produces 2,000 pizzas per month What is the variable cost of production (per month)? The variable cost of production is Enter your response as an integer.)
Suppose the going price of pizza is $11 per pie, the cost of the ingredients used to produce pizza is $7, and marginal product of labor is 150 pizzas. What is the value of the marginal product of labor ($)?
Question 7 Homework. Unanswered Suppose the going price of pizza is $11 per pie, the cost of the ingredients used to produce pizza is $7, and marginal product of labor is 150 pizzas. What is the value of the marginal product of labor ($)?
Benvenuto is a pizzeria operating in a competitive market. Its short-run production function is shown below. Benvenuto's weekly cost of labor is $450 per worker, and its cost of the ingredients used to make pizza is $6 per pie. The going market price of pizza is $9 per pie. Total product (weekly workers)(pizzas per week) Labor 52 1 172 2 33 341 4 536 5 738 6 924 7 1,075 8 1,168 9 1,184 Question 9 Homework Unanswered . In...
Benvenuto is a pizzeria operating in a competitive market. Its short-run production function is shown below. Benvenuto's weekly cost of labor is $450 per worker, and its cost of the ingredients used to make pizza is $6 per pie. The going market price of pizza is $9 per pie. Labor Total product (weekly workers) (pizzas per week) 52 OWN 172 341 536 738 924 1,075 1,168 1,184 In the scenario above, when Benvenuto hires a third worker, what is the...
Bongiorno’s is a pizzeria operating in a competitive market. Its
short-run production function is shown below. Bongiorno’s weekly
cost of capital (plant) is $750, its cost of labor is $320 per
worker, and its cost of the pizza ingredients is $6 per pie. The
going market price of pizza is $13 per pie.
A) In the scenario above, when Bongiorno’s hires a fourth
worker, what is the marginal product of labor?
B) In the scenario above, if Bongiorno’s hires a...
Gino's Pizza shop hires workers in a competitive market to make
pizza. The ingredients required to make each pizza cost $5. Daily
output at Gino's Pizza varies with the number of workers hired, as
shown in the table below:
If pizzas sell for $8 each, what is the value marginal product
for the 4th worker?
Select one:
a. $96 per day
b. $112 per day
c. $48 per day
d. $128 per day
Number of Pizzas/day workers 0 0 16...
8. Corleone's Pizza place makes and delivers pizzas. The cost of ingredients (dough, sauce, cheese, toppings, box) is $4.00 per pie. Corleone pays his employees $50 per day. He also incurs a fixed cost of $80 per day. Recently he has been producing 60 pies per day using 2 workers. Menu price of pizza is $12. (Show work). a Calculate total variable cost per day b. Calculate average variable cost per pie c. Calculate the average total cost of a...
Suppose a pizza parlor has the following production costs: $4.00 in labor per pizza, $2.00 in ingredients per pizza, s0.70 in electricity per pizza, $2,500 in restauran rent per month, and $450 in insurance per month. Assume the pizza parlor produces 2,000 pizzas per month What is the variable cost of production (per month)? The variable cost of production is Enter your response as an integer.)
Most questions answered within 3 hours.
-
answer the below qestion in term of marketing in “personal
selling steps”
( Question )
Consider...
asked 1 minute from now -
Under normal use conditions, the Mean Time To Failure of a
heating coil can be modeled...
asked 21 seconds ago -
A student holds a ruler by one end (x=0 where the student holds
it). The student...
asked 24 seconds ago -
People are most likely to believe their ancestors play an active
role in their lives in...
asked 43 seconds ago -
A speeding car is traveling along a straight road with a
constant speed of 100 km/hour....
asked 18 minutes ago -
When 60.1 gg of calcium is reacted with nitrogen gas, 31.7 gg of
calcium nitride is...
asked 23 minutes ago -
The random variable X is exponentially distributed, where X
represents the time it takes for a...
asked 38 minutes ago -
a) Write a verilog module for 1:4 Demultiplexer using verilog
primitives.
b) Design 1-to-4 DEMUX using...
asked 32 minutes ago -
MATLAB
write a MATLAB function (1) output a third-order polynomial
function with the coefficients as the...
asked 45 minutes ago -
A z-score
communicates a raw score’s "relative standing"
under the normal curve in relation to:
asked 54 minutes ago -
An object is vibrating on a spring with the following equation
of motion:
?=(30 ??)cos((2?)/(160)?)
a)...
asked 53 minutes ago -
Vulcan Flyovers offers scenic overflights of Mount St. Helens,
the volcano in Washington State that explosively...
asked 55 minutes ago