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Sizzler's produces charcoal grills in a small manufacturing facility and sells the grills in a competitive market. The following table presents the company's production function:
Sizzler's produces charcoal grills in a small manufacturing facility and sells the grills in a competitive market. The following table presents the company's production function: La bor Output (Number of workers) (Grills) 0 D 1 85 2 165 3 230 4 230 5 300 Use the blue points (circle symbol) to plot the production function for Sizzler's on the following graph. (72*. 300 O 270 240 Production Function 210 130 150 120 OUTPUT (Grills) 60 30 0 1 2 3 4 5 LABOR (Number of workers) Calculate the marginal product of labor (MPL) of each worker, and then plot the MPL curve on the following graph using the blue points (circle symbol). Note: Remember to plot each point halfway between two integers. For example, when the number of workers increases from D to 1, the MPL of the first worker should be plotted with a horizontal coordinate of 0.5, the value halfway between CI and 1. Line segments will automatically connect the points. 100 90 BO MPL 70 60 50 4o MPL (Grills per worker) 30 20 10 0 1 2 a 4 5 LABOR (Number of workers] The following graph shows the demand for labor for three different prices per grill: 300 270 240 M '3 D 180 150 N WAGE (Dollars per worker} s s g m a 0 1 2 3 4 5 LABOR (Number of workers) Given the company's marginal product of labor curve shown on the second graph, line Y on this graph shows Sizzler's demand for labor when the price of a grill is $1.00, and line Y shows Sizzler's demand for labor when the price of a grill is $2.00. Grade It Now Save & Continue Continue without saving
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