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20. Smiling Pizzeria, a popular fast casual dining outlet near Wittenberg University, is considering keeping the store open past the usual closing time of 6

20. Smiling Pizzeria, a popular fast casual dining outlet near Wittenberg University, is considering keeping the store open past the usual closing time of 6 pm until 8 pm. If the plan goes ahead, additional workers will need to be hired at a wage rate of $40 per evening session. The price of each extra pie sold is $10. Assume all pizza pies made are sold. How many workers should Smiling Pizza hire, if any? Each additional number of workers and their projected output are shown below. Hint: Complete the table

workers

Total Product

MPL

MR =P

MRP

MC

0

0

-

-

-

-

1

12

$ 10.00

$ 40.00

2

22

$ 10.00

$ 40.00

3

30

$ 10.00

$ 40.00

4

36

$ 10.00

$ 40.00

5

40

$ 10.00

$ 40.00

6

42

$ 10.00

$ 40.00

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