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1. Computing labor productivity and its relationship to the demandfor labor Sizzler's produces charcoal grills in a small manufacturing facility and sells the grills in
1. Computing labor productivity and its relationship to the demandfor labor Sizzler's produces charcoal grills in a small manufacturing facility and sells the grills in a competitive market. The following table presents the company's production function: Labor Output (Number of workers) (Grills) 0 0 85 2 160 225 4 270 5 295 Use the blue points (circle symbol) to plot the production function for Sizzler's on the following graph ? 300 270 Production Function 240 210 180 OUTPUT (Grills) 150 120 LABOR (Number of workers)Calculate the marginal product of labor (MPL) of each worker, and then plot the MPL curve on the following graph using the blue points (circle symbol). Note: Remember to plot each point halfway between two integers. For example, when the number of workers increases from 0 to 1, the MPL of the first worker should be plotted with a horizontal coordinate of 0.5, the value halfway between 0 and 1. Line segments will automatically connect the points. 100 O MPL 70 60 MPL (Grills per worker) 50 40 LABOR (Number of workers)The following graph shows the demand for labor for three different prices per grill: ? 300 270 240 210 O N 150 WAGE ( Dollars per worker) 120 LABOR (Number of workers) Given the company's marginal product of labor curve shown on the second graph, line _ on this graph shows Sizzler's demand for labor when the price of a grill is $2.00, and line > shows Sizzler's demand for labor when the price of a grill is $3.00
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