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The question is stated below. 2. Inputs and outputs Kenji's Performance Pizza is a small restaurant in New York City that sells gluten-free pizzas. Kenji's

The question is stated below.

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2. Inputs and outputs Kenji's Performance Pizza is a small restaurant in New York City that sells gluten-free pizzas. Kenji's very tiny kitchen has barely enough room for the four ovens in which his workers bake the pizzas. Kenji signed a lease obligating him to pay the rent for the four ovens for the next year. Because of this, and because Kenji's kitchen cannot fit more than four ovens, Kenji cannot change the number of ovens he uses in his production of pizzas in the short run. However, Kenji's decision regarding how many workers to use can vary from week to week because his workers tend to be students. Each Monday, Kenji lets them know how many workers he needs for each day of the week. In the short run, these workers are V inputs, and the ovens are v inputs. Kenji's daily production schedule is presented in the following table. variable Fill in the blanks to complete the Marginal Product of Labor column for each worker. Labor Output Marginal Product of Labor (Number of workers) (Pizzas) (Pizzas) 0 50 90 120 140 150 WAWNl-'O 2. Inputs and outputs Kenji's Performance Pizza is a small restaurant in New York City that sells glutenfree pizzas. Kenji's very tiny kitchen has barely enough room for the four ovens in which his workers bake the pizzas. Kenji signed a lease obligating him to pay the rent for the four ovens for the next year. Because of this, and because Kenji's kitchen cannot fit more than four ovens, Kenji cannot change the number of ovens he uses in his production of pizzas in the short run. However, Kenji's decision regarding how many workers to use can vary from week to week because his workers tend to be students. Each Monday, Kenji lets them know how many workers he needs for each day of the week. In the short run, these workers are V inputs, and the ovens are v inputs. variable Ken oduction schedule is presented in the following table. Fill in the blanks to complete the Marginal Product of Labor column for each worker. Labor Output Marginal Product of Labor (Number of workers) (Pizzas) (Pizzas) 0 50 90 120 140 150 U'IAWNl-'O On the following graph, plot Kenji's production function using the green points (triangle symbol). Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. Hint: Be sure to plot the first point at (0, 0). 200 180 Production Function 160 140 120 100 QUANTITY OF OUTPUT (Pizzas) 80 60 40 20 5 1 2 3 4 O LABOR (Number of workers)Suppose that labor is Kenji's only variable cost and that he has a fixed cost of $30 per day and pays each of his workers $30 per day. Use the orange points (square symbol) to plot Kenji's total cost curve on the following graph using the quantities from the preceding table. 200 180 Total Cost 160 140 120 TOTAL COST (Dollars) 100 80 60 40 20 0 20 40 60 80 100 120 140 160 180 200 QUANTITY OF OUTPUT (Pizzas)Total Cost 160 140 120 TOTAL COST (Dollars) 100 80 60 40 20 0 0 20 40 60 80 100 120 140 160 180 200 QUANTITY OF OUTPUT (Pizzas) True or False: The shape of the production function reflects the law of diminishing marginal returns. O True O False

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