Question

The two options (variable/fixed) are both of the options for both of the blanks.

2. Inputs and outputs Yakov's Performance Pizza is a small restaurant in San Diego that sells gluten free pizzas. Yakov's very tiny kitchen has barely enough room for the four ovens in which his workers bake the pizzas. Yakov signed a lease obligating him to pay the rent for the four ovens for the next year. Because of this, and because Yakov's kitchen cannot fit more than four ovens, Yakov cannot change the number of ovens he uses in his production of pizzas in the short run. However, Yakov's decision regarding how many workers to use can vary from week to week because his workers tend to be students. Each Monday, Yakov lets them know how many workers he needs for each day of the week. In the short run, these workers are and the ovens are inputs. variable - inputs, Yakov's daily production schedule is presented in the following table. fixed Fill in the blanks to complete the Marginal Product of Labor column for each worker. Labor (Number of workers) Output (Pizza) 0 Marginal Product of Labor (Pizza)

Answer 1

eview Р- - } Insert Delete Format ? Autosum - 4 Sort & Find & 2 Clear Filter Select Editing Cells C | Jк M Crystals performance pizza - Microsoft Excel Home Insert Page Layout Formulas View H wl Cut Calibri 11 - A A = = = = Wrap Text General 19 La Copy Paste Format Painter B I U - - >-A E E EEEF Merge & Center - $ - % , . Conditional Format Cell Formatting as Table Styles Clipboard Font Alignment 0 Number Styles 016 fex AB 1 Variable, workers are variable as the labor cost varies with output. 2 Fixed costs, ovens are fixed costs. This will not vary with output. It will remain constant whatever the output. 3 Marginal Product of Labor Variable cost (workers) 4 Number of workers Output (Pizzas) (Pizzas) Fixed Cost $ Total Cost $ 0- $10 $10 70 50 $10 60 120 100 110 8 160 150 $10 160 210 10 250 260 $10 200 $10 $10 11 12 13 Cost of labor is $50 per day 14 Fixed cost is $10 per day. 15 Total Cost = Variable Cost + Fixed Cost 16 17 Marginal physical product of labor is the change in output due to an additional worker being added. Sheet1 Sheet2 Sheet30 Ke Ready 30 J 100%

Production Funcha 2.50 180 160 63,160) Quantity (2,120) output (Pizzas) 'haver more convenience wores Labor hered Neembee مادرمه Jolal word 200 190, 210 200 (60,760) Total Cost * 10 (110, ID) (70,60) 'O 40 50 100 110 140 160 70 260 . Quantity of output (Pizsas). Dimenishing returns as the output is falling as more and neare labor is True :