All information provided QUANTITY OF OUTPUT (Pizzas)++ + +HS PhotoGridOn the following graph, plot Alyssa's production function using the green points (triangle symbol).Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.Hint: Be sure to plot the first point at (0, 0).300270Production Function2402101801501206030LABOR (Number of workers)Alyssa's Performance Pizza is a small restaurant in Dallas that sells gluten-free pizzas. Alyssa's very tiny kitchen has barely enough room for the threeovens in which her workers bake the pizzas. Alyssa signed a lease obligating her to pay the rent for the three ovens for the next year. Because of this,and because Alyssa's kitchen cannot fit more than three ovens, Alyssa cannot change the number of ovens she uses in her production of pizzas in theshort run.However, Alyssa's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday,Alyssa lets them know how many workers she needs for each day of the week. In the short run, these workers arev inputs, and theovens arev inputs.Alyssa'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.LaborOutputMarginal Product of Labor(Number of workers)(Pizzas)(Pizzas)10021802404.280300 TOTAL COST (Dollars)S PhotoGridTrue or False: The shape of the production function reflects the law of increasing marginal returns.O TrueFalseSuppose that labor is Alyssa's only variable cost and that she has a fixed cost of $50 per day and pays each of her workers $40 per day.Use the orange points (square symbol) to plot Alyssa's total cost curve on the following graph using the quantities from the preceding table.300270240Total Cost210180150120906030306090120150180210240270300QUANTITY OF OUTPUT (Pizzas)

In the short run, the factor of production (i.e., inputs) is either fixed or variable. Labor is a…

QUANTITY OF OUTPUT (Pizzas) +++ +++ +++ On the following graph, plot Alys Note: Plot your points in the ord Hint: Be sure to plot the first po 300 270 240 210 180 150 120 60 30 LABOR Alyssa's Performance Pizza is a sm ovens in which her workers bake t and because Alyssa's kitchen cann short run. However, Alyssa's decision regardim Alyssa lets them know how many w ovens are v inputs. Alyssa's daily production schedule Fill in the blanks to complete the M. Labor Outpu (Number of workers) (Pizza 4

QUANTITY OF OUTPUT (Pizzas) +++ +++ +++ On the following graph, plot Alys Note: Plot your points in the ord Hint: Be sure to plot the first po 300 270 240 210 180 150 120 60 30 LABOR Alyssa's Performance Pizza is a sm ovens in which her workers bake t and because Alyssa's kitchen cann short run. However, Alyssa's decision regardim Alyssa lets them know how many w ovens are v inputs. Alyssa's daily production schedule Fill in the blanks to complete the M. Labor Outpu (Number of workers) (Pizza 4

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter9: Production Functions

Section: Chapter Questions

Problem 9.3P

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