Suppose that a year after opening, Kenji has developed a new system that has increased the productivity of his pizza restaurant, changing the production function toq 2 =8K 0.5 L 0.5 . Complete the fourth column of the previous table by entering the number of workers required to produce 48 pizzas per hour based on the given number of ovens and his new production function. (Note: Because it is not possible to hire fractional workers, you must round to the nearest whole worker when necessary.) Using your most recent calculations, use the orange points (square symbol) to plot the isoquant representingq 2 =48. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.CAPITAL (Ovens)4310010203050LABOR (Workers)40607080= 48C▬▬لی= 48(? Complete the third column of the following table by entering the number of workers needed to produce 48 pizzas per hour based on the given numberof ovens and the production function q1 = 6K0.5L0.5. (Note: Because it is not possible to hire fractional workers, you must round to the nearest wholeworker when necessary.)Pizzas per Hour(9)484848Ovens Workers Needed to Produce 48 Pizzas When the Production Function is...(K)91 6K0.5 10.5(L)32192 = 8K0.5 10.5(L)Using the numbers you found in the table, use the blue points (circle symbol) to plot the isoquant representing q₁ = 48.

We have given the production function of pizza. q1 = 6K0.5 L0.5Where q1 is the quantity of pizza…

Answered: Suppose that a year after opening,…

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter9: Production Functions

Section: Chapter Questions

Problem 9.1P

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Suppose that a year after opening, Kenji has developed a new system that has increased the productivity of his pizza restaurant, changing the production function to

=8K

0.5

. Complete the fourth column of the previous table by entering the number of workers required to produce 48 pizzas per hour based on the given number of ovens and his new production function. (Note: Because it is not possible to hire fractional workers, you must round to the nearest whole worker when necessary.) Using your most recent calculations, use the orange points (square symbol) to plot the isoquant representing

=48

Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
CAPITAL (Ovens)
4
3
1
0
0
10
20
30
50
LABOR (Workers)
40
60
70
80
= 48
C▬▬
لی
= 48
(?

Complete the third column of the following table by entering the number of workers needed to produce 48 pizzas per hour based on the given number
of ovens and the production function q1 = 6K0.5L0.5. (Note: Because it is not possible to hire fractional workers, you must round to the nearest whole
worker when necessary.)
Pizzas per Hour
(9)
48
48
48
Ovens Workers Needed to Produce 48 Pizzas When the Production Function is...
(K)
91 6K0.5 10.5
(L)
3
2
1
92 = 8K0.5 10.5
(L)
Using the numbers you found in the table, use the blue points (circle symbol) to plot the isoquant representing q₁ = 48.

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