On the following graph, plot Mallika's production function using the green points (criangle symbol). Note: Plot your points in the order in which you would tike them connected. Line segments will connect the points automatically. Hint: Be sure to plot the first point at (0,0). Malika's Pizzas is a takeout-only pizza parlor servicing the college campus of Urbana that specializes in vegan pizzas, Malika's small shop has barely enough room for customers to stand and wait, let alone the four pizza ovens necessary to keop up with the hungry student customers. Malika signed a lease renting both the four ovens and the storefront for the next year. Due to the terms of the lease and the buliding's size constraint, Malika is unable to change the store's number of plzza 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 plzza ovens are inputs. The following table presents Malika's dally production schedule. Fill in the blanks to complete the Marginal Product of Labor column for each warker. Suppose that Malika's only variable cost is labor. Assume that Malika foces dally foced costs of $20 and pays all workers the same daily wage of $30. Use the orange points (square symbol) to plot Makika's total cost curve on the following graph using the quantities from the prececling table. True or Falset The shape of the production function refiects the law of increasing marginal return. True Thise that specializes in vegan pizzas. Malika's small shop has barely sary to keep up with the hungry student customers. Malika signed a erms of the lease and the building's size constraint, Malika is unable le on a weekly basis. Every Sunday, Malika contacts the staff to the short run, the store employees are inputs, and Malika's Pizzas is a takeout-only pizza parlor servicing the college campus of Urbana that specializes in vegan pizzas, Malika's small shop has barely enough room for customers to stand and wait, let alone the four pizza ovens necessary to keop up with the hungry student customers. Malika signed a lease renting both the four ovens and the storefront for the next year. Due to the terms of the lease and the buliding's size constraint, Malika is unable to change the store's number of plzza 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 plzza ovens are inputs. The following table presents Malika's dally production schedule. Fill in the blanks to complete the Marginal Product of Labor column for each warker. On the following graph, plot Mallika's production function using the green points (criangle symbol). Note: Plot your points in the order in which you would tike them connected. Line segments will connect the points automatically. Hint: Be sure to plot the first point at (0,0). Suppose that Malika's only variable cost is labor. Assume that Malika foces dally foced costs of $20 and pays all workers the same daily wage of $30. Use the orange points (square symbol) to plot Makika's total cost curve on the following graph using the quantities from the prececling table. True or Falset The shape of the production function refiects the law of increasing marginal return. True Thise 2. Inputs and outputs Malika's Pizzas is a takeout-only pizza parlor servicing the college campus of Urbana that specializes in v enough room for customers to stand and wait, let alone the four pizza ovens necessary to keep up with lease renting both the four ovens and the storefront for the next year. Due to the terms of the lease and 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. communicate the amount of workers needed on each day of the upcoming week. In the short run, the stc pizza ovens are inputs. The following ta Malika's daily production schedule
