< > TCC Home Page - Tarrant County College Jhoel < CENGAGE MINDTAP ng.cengage.com Homework (Ch 18) My Home Courses Catalog and Study Tools Rental Options Homework (Ch 18) 1. Computing labor productivity and its relationship to the demandfor labor 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: Labor College Success Tips Output Career Success Tips (Number of workers) (Grills) 0 0 1 95 ? Help 2 185 3 260 Give Feedback 4 320 5 355 Use the blue points (circle symbol) to plot the production function for Sizzler's on the following graph. PUT (Grills) 400 360 320 280 240 200 Production Function (?) + 0 - Mind Tap Cengage Learning Q Search this course ? i C A-Z bongo A+ < > TCC Home Page - Tarrant County College Jhoel My Home Courses < CENGAGE MINDTAP Homework (Ch 18) ng.cengage.com Homework (Ch 18) Catalog and Study Tools Rental Options Use the blue points (circle symbol) to plot the production function for Sizzler's on the following graph. (?) 400 College Success Tips 360 Career Success Tips 320 ? Help 280 Give Feedback OUTPUT (Grills) 240 200 160 120 80 40 0 0 1 2 3 4 5 LABOR (Number of workers) Production Function - Mind Tap Cengage Learning 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 0 to 1, the MPL of the first worker should be plotted with a horizontal coordinate of 0.5, the value halfway between 0 and 1. Line segments will automatically connect the points. + 0 Q Search this course ? i C A-Z bongo A+ < > TCC Home Page - Tarrant County College Jhoel My Home Courses < CENGAGE MINDTAP Homework (Ch 18) symbol). ng.cengage.com Homework (Ch 18) + 0 - Mind Tap Cengage Learning Q Search this course ? Catalog and Study Tools Note: Remember to plot each point halfway between two integers. For example, when the number of workers increases from 0 to 1, the MPL of the first worker should be plotted with a horizontal coordinate of 0.5, the value halfway between 0 and 1. Line segments will automatically connect the points. Rental Options ? College Success Tips Career Success Tips 100 ? Help Give Feedback MPL (Grills per worker) 00 90 80 70 60 50 40 30 20 10 0 0 1 2 3 4 5 LABOR (Number of workers) MPL The following graph shows the demand for labor for three different prices per grill: i C A-Z bongo A+ < > TCC Home Page - Tarrant County College Jhoel My Home Courses ng.cengage.com Homework (Ch 18) < CENGAGE MINDTAP Homework (Ch 18) Catalog and Study Tools Rental Options College Success Tips Career Success Tips ? Help Give Feedback 1355 150 135 M 120 105 90 WAGE (Dollars per worker) 75 60 45 30 15 N Oz O O O O O 0 0 1 2 3 4 5 LABOR (Number of workers) (?) + 0 Mind Tap Cengage Learning - Q Search this course on this graph shows Sizzler's demand for labor when the Given the company's marginal product of labor curve shown on the second graph, line price of a grill is $1.00, and line shows Sizzler's demand for labor when the price of a grill is $1.50. Grade It Now Save & Continue Continue without saving i ? C A-Z bongo A+ < > TCC Home Page - Tarrant County College Jhoel My Home Courses ng.cengage.com Homework (Ch 18) < CENGAGE MINDTAP Homework (Ch 18) Catalog and Study Tools Rental Options College Success Tips Career Success Tips ? Help Give Feedback 1355 150 135 M 120 105 90 WAGE (Dollars per worker) 75 60 45 30 15 N Oz O O O O O 0 0 1 2 3 4 5 LABOR (Number of workers) (?) M N + 0 Mind Tap Cengage Learning - Q Search this course on this graph shows Sizzler's demand for labor when the Given the company's marginal product of labor curve shown on the second graph, line price of a grill is $1.00, and line shows Sizzler's demand for labor when the price of a grill is $1.50. Grade It Now Save & Continue Continue without saving i ? C A-Z bongo A+ < > TCC Home Page - Tarrant County College Jhoel My Home Courses ng.cengage.com Homework (Ch 18) < CENGAGE MINDTAP Homework (Ch 18) Catalog and Study Tools Rental Options College Success Tips Career Success Tips ? Help Give Feedback 1355 150 135 M 120 105 WAGE (Dollars per worker) 90 75 60 45 30 15 N Oz O O O O O 0 0 1 2 3 4 5 LABOR (Number of workers) M N (?) + 0 Mind Tap Cengage Learning - Q Search this course Given the company's marginal p price of a grill is $1.00, and line f labor curve shown on the second graph, line on this graph shows Sizzler's demand for labor when the shows Sizzler's demand for labor when the price of a grill is $1.50. Grade It Now Save & Continue Continue without saving i ? C A-Z bongo A+