   # The following table shows the number of pizzas that can be produced by a large pizza parlor employing various numbers of pizza chefs. Find the marginal physical product schedule of the pizza chefs. Assuming a price of \$9 per pizza, find the marginal revenue product schedule. If chefs are paid \$100 per day, how many chefs will this pizza parlor employ? How would your answer change if chefs’ wages rose to \$125 per day? Suppose the price of pizza increases from \$9 to \$12. Show what happens to the derived demand curve for chefs. ### Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992

#### Solutions

Chapter
Section ### Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992
Chapter 19, Problem 1TY
Textbook Problem
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## The following table shows the number of pizzas that can be produced by a large pizza parlor employing various numbers of pizza chefs. Find the marginal physical product schedule of the pizza chefs. Assuming a price of \$9 per pizza, find the marginal revenue product schedule. If chefs are paid \$100 per day, how many chefs will this pizza parlor employ? How would your answer change if chefs’ wages rose to \$125 per day? Suppose the price of pizza increases from \$9 to \$12. Show what happens to the derived demand curve for chefs.

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