2. Inputs and outputs Malika's Pizzas is a takeout-only pizza parlor servicing the college campus of Madison that specializes in vegan pizzas. Malika's small shop has barely enough room for customers to stand and wait, let alone the five pizza ovens necessary to keep up with the hungry student customers. Malika signed a lease renting both the five ovens and the storefront for the next year. Due to the terms of the lease and the building's size constraint, Malika is unable to change the store's number of pizza ovens in the short run. However, Malika does face a decision regarding the number of employees to schedule on a weekly basis. Every Sunday, Malika contacts the staff to communicate the amount of workers needed on each day of the upcoming week. In the short run, the store employees are inputs, and pizza ovens are inputs. The following table presents Malika's daily production schedule. Fill in the blanks to complete the Marginal Product of Labor column for each worker. Labor Output Marginal Product of Labor (Number of workers) (Pizzas) (Pizzas) 0 1 100 2 180 3 240 4 280 5 300On the following graph, plot Malika'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). 300 270 Production Function 240 210 180 150 QUANTITY OF OUTPUT (Pizzas 120 13 20 2 LABOR (Number of workers)Suppose that Malika's only variable cost is labor. Assume that Malika faces daily fixed costs of $50 and pays all workers the same daily wage of $40. Use the orange points (square symbol) to plot Malika's total cost curve on the following graph using the quantities from the preceding table. 300 270 Total Cost 240 210 180 150 TOTAL COST (Dollars) 120 0 30 60 90 120 150 180 210 240 270 300 QUANTITY OF OUTPUT (Pizzas) True or False: The shape of the production function reflects the law of increasing marginal returns. True O False