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. Marty's Frozen Yogurt is a small shop that sells cups of frozen yogurt in a universityT town. Marty owns three frozenyogurt machines. His other
. Marty's Frozen Yogurt is a small shop that sells cups of frozen yogurt in a universityT town. Marty owns three frozenyogurt machines. His other inputs are refrigerators, frozenyogurt mix, cups, sprinkle toppings, and, of course, workers. He estimates that his daily production function when he varies the number of workers employed (and at the same time, of course, yogurt mix, cups, and so on} is as shown in the accompanying table. Quantity of la hour {workers} Quantityr of frozen yogurt {supsl I] [I 1 1141} 2 200 3 lift} 4 sec 5 32d E 334} 1What are the fixed inputs and variable inputs in the production of cups of frozen yogurt? Draw the total product curve. Put the quantity of labour on the horizontal axis and the quantity,T of frozen yogurt on the vertical axis. c. 1What is the marginal product of the first worker? The second worker? The third worker? Why does marginal product decline as the number of workers increases? F"
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