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111_ INPUT CHOICE A pizzeria uses two inputs: a restaurant and labor. The owner rents the restaurant, which comes with everything (including a periodically
111_ INPUT CHOICE A pizzeria uses two inputs: a restaurant and labor. The owner rents the restaurant, which comes with everything (including a periodically re-stock pantry with all the raw materials and supplies). The owner only needs to add labor. So, she hires help to make the pizuus. She decides on the the number of hours of labor per week to hire. That is her "input choice" or "input demand " To inform her decision, bmsed on her experience in the business, she considers the following data on different amounts of labor (hours/week) and pizzs produced: L (hours) Q (pizzas) 40 so 200 350 300 I. Determine the average product of labor fen each input level. '2. Determine the marginal product of labor for each change in the input and output levels.
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