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2 ng.cengage.com/staticb/ui/evo/index.html?deploymentid=56736619720212108401873280819&elSBN=9781337096577&snapshotid=3804460&id=199009909. (S- Nicholas W. A ALEKS -Nicholas W. ALEKS - ONLINE Q.. ^ C4ELink: Log in to t.. CENGAGE | MINDTAP Q Se Homework
2 ng.cengage.com/staticb/ui/evo/index.html?deploymentid=56736619720212108401873280819&elSBN=9781337096577&snapshotid=3804460&id=199009909. (S- Nicholas W. A ALEKS -Nicholas W. ALEKS - ONLINE Q.. ^ C4ELink: Log in to t.. CENGAGE | MINDTAP Q Se Homework (Ch 13) 2. Inputs and outputs Nia's Pizzas is a takeout-only pizza parlor servicing the college campus of Urbana that specializes in vegan pizzas. Nia's small shop has barely enough room for customers to stand and wait, let alone the four pizza ovens necessary to keep up with the hungry student customers. Nia signed a lease renting both the four ovens and the storefront for the next year. Due to the terms of the lease and the building's size constraint, Nia is unable to change the store's number of pizza ovens in the short run. However, Nia does face a decision regarding the number of employees to schedule on a weekly basis. Every Sunday, Nia 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. fixed The following table presents Nia's daily production schedule. variable 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) 60 N 100 O EMODO 1 hpC 20 ng.cengage.com/staticb/ui/evo/index.html?deploymentid=56736619720212108401873280819&eISBN=97813370965/7&snapshould=38044608 A ALEKS - Nicholas W. A ALEKS- Nicholas W. ALEKS-ONLINE Q. ~ C4ELink: Log in to t. CENGAGE | MINDTAP Homework (Ch 13) The following table presents Nia's daily production schedule. variable 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) EI 60 100 130 150 160 On the following graph, plot Nia'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) OFMODO CAUTION hpG 1. MindTap F X Welcome x * Course He x X Mall-kew x 20 ng.cengage.com/staticb/ui/evo/index.html?deploymentid=56736619720212108401873280819&elSBN=9781337096577&snapshotld=3804460&id=199009909.. A ALEKS - Nicholas W. A ALEKS- Nicholas W. ALEKS - ONLINE Q.. C4ELink: Log in to t. CENGAGE | MINDTAP Homework (Ch 13) Q Search th Suppose that Nia's only variable cost is labor. Assume that Nia faces daily fixed costs of $20 and pays all workers the same daily wage of $30. Use the orange points (square symbol) to plot Nia's total cost curve on the following graph using the quantities from the preceding table, E 200 180 160 Total Cost 140 120 TOTAL COST (Dollars) 100 80 60 ? 20 OBMODO 1 Apr 5 CAUTIONIN hip
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