# The table below shows the quantity of workers and total output for a local pizza parlor. If the...

## Question:

The table below shows the quantity of workers and total output for a local pizza parlor.

Quantity of Workers | Total Output |
---|---|

0 | 0 |

1 | 3 |

2 | - |

3 | 17 |

4 | 22 |

5 | 26 |

6 | 24 |

If the marginal product of the second worker is 6, then what is the total number of pizzas produced when 2 workers are hired? Show your complete solution.

## Marginal Product:

Marginal product measures the change in the total output realised from increasing an additional unit of one input while holding all the other inputs constant. For example, the marginal product of labor is the change in the total product brought about by hiring one more unit of labor.

## Answer and Explanation: 1

Become a Study.com member to unlock this answer! Create your account

View this answer

The total output when 2 workers are hired is equal to:

{eq}TP=MP_1+MP_2 {/eq}

Where {eq}MP_1 {/eq} is the marginal product of the first worker...

See full answer below.

#### Ask a question

Our experts can answer your tough homework and study questions.

Ask a question Ask a question#### Search Answers

#### Learn more about this topic:

from

Chapter 3 / Lesson 49Understand the meaning of marginal product of labor. Learn the marginal product of labor (MPL) formula, its significance, and how to calculate MPL with examples.

#### Related to this Question

- The table below shows the quantity of workers and total output for a local pizza parlor. When the owner hires 4 workers, what is the average product of labor? Round your answer to two decimal places. Show your complete solution.
- The following table shows the quantity of workers and total output for a local pizza shop. Use the table below to answer the following questions. a When the owner hires 4 workers, what is the average
- a) What number of workers appears to be most efficient in terms of pizza product per worker? b) What number of workers appears to minimize the marginal cost of pizza production assuming that each pizza worker is paid $500 per week?
- According to the table above, if the wage rate is $9 per hour, what is the total revenue generated when a firm hires the optimal number of workers? a. $3 b. $9 c. $15 d. $45 e. $51
- The table below represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of a pizza in this area is $10. Total cost include all implicit opportunity cost. Calculate the pizza shop's
- The table below represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of a pizza in the area is $12. Total costs include all implicit opportunity costs. Calculate the pizza shop'
- The table below represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of a pizza in the area is $12. Total costs include all implicit opportunity costs. Calculate the pizza shop's
- Refer to the table, which gives the total cost schedule for Chip's Pizza Palace, a perfectly competitive firm. If the price of a pizza is $7, what is Chip's profit-maximizing output per hour? A) zero pizzas B) 1 pizza C) 2 pizzas D) 3 pizzas E) 4 piz
- The following table represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of pizza in the area is $10. Total costs include all implicit opportunity costs. Total Hourly Output and
- Paul s Pizza Parlor bakes pizza pies according to the following production function: Q = 3L + 0.3L^2 - 5L^3. The labor costs $6 and pizza sells for $10. What is the average product of labor? How much L to use to maximize the average product of labor?
- Use the table below to answer the following question. ''Table 12.2.2'' Output (pizzas per hour) Total Cost (dollars per hour) 0 10 1 12 2 16 3 22 4 30 5 40 6 55 Refer to Table 12.2.2, which gives the total cost schedule for Chip's Pizza Palace, a perf
- Suppose Joe's Pizza has 6 employees, each with marginal products of 5 pizzas per day. If Joe hires a 7th employee characterized by a marginal product of 4 pizzas per day, Joe's Pizza will experience a reduction in total product (pizzas) per day. Is this s
- The marginal revenue product of labor at the local sawmill is MRPL = 20 - 0.5L, where L = the number of workers. If the wage of sawmill workers is $10 per hour, then how many workers will the mill hire?
- The table gives the total product schedule of workers who harvest corn. Diminishing marginal returns begin when the [{Blank}] is hired. A) 1st labourer. B) 2nd labourer. C) 3rd labourer. D) 4th labourer. E) There are no diminishing marginal returns
- The local ice cream shop is trying to figure out how many workers to hire, and part of the decision will be based on the marginal product of labor. The following table shows a short-run production function for the quantity of ice cream tubs produced. Dimi
- Suppose Joe's Pizza has 3 employees, each with marginal products of 25 pizzas per day. If Joe hires a 4th employee characterized by a marginal product of 20 pizzas per day, Joe's Pizza will experience an increase in total product (pizzas) per day. Is this
- Using the table below, please assume that labor is the only resource used to produce this output and each worker is paid $5 per hour. If this is the situation, then the total cost of producing: a. 18 units per hour is $20. b. 15 units per hour is $75.
- The following table summarizes the production function for Boiler Burgers. Hamburgers sell for $5 per unit, labor cost is $20 per worker. How many workers should Boiler Burgers employ to maximize profits? A) 2 B) 3 C) 4 D) 5
- The table represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of a pizza in the area is ?$10. Total costs include
- The table below represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of a pizza in the area is $10. Total costs include all
- The Zippy Paper Company has no control over either the price of paper or the wage it pays its workers. The following table show the relationship between the number of workers Zippy hires and total out
- Complete the table below. A worker costs $96 a day and the firm has fixed costs of $200. Round your answers to 1 decimal. What are the total costs for 6 workers? Show your work.
- Paulette owns a pizza parlor. Her total cost schedule is in the above table. Her marginal cost of producing the fifth pizza is _.
- The table shows some data for an island economy which produces only pizzas and tooth paste. Calculate the value of 2012 production in 2013 prices and the percentage increase in production when valued
- Fill out the rest of the table. Each output unit produced by this firm sold at a price of P = $4. Having filled out the table above, fill in the table below. How many workers will the firm hire at eac
- The table belwo represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of a pizza in the area is $12. Total cost include all
- Suppose your restaurant sells cheese pizzas for $10 per pizza and your average total cost is $8.50 per pizza. Are you earning a profit at the restaurant? a. Yes, your profit is $1.50 per pizza, b. You are losing money, c. Yes, your profit is positive, but
- Suppose a pizza parlor has the following production costs: $5 in labor per pizza, $4 in ingredients per pizza, $0.60 in electricity per pizza, $5,000 in restaurant rent per month, and $200 in insurance per month. Assume the pizza parlor produces 2,000 piz
- A) A firm can hire workers for $10 / worker. The first worker will generate $13 of additional revenue, the second worker $12, the third $11, and so on. What is the quantity of labor demanded, i.e., ho
- Ahn's utility function for goods X (pizzas) and Y (Cola) is represented as U(X,Y)=2\ln(X)+\ln(Y). The process of X and Y are $1 and $1, respectively. Ahn's income is $12. Calculate Ahn's optimal consumption bundle (X',Y') after the price change.
- Suppose you have a factory with two machines, each of which can only be ran by one employee at a time. The following table shows how much gets produced as employees get hired and added to the product
- The table below shows the amount of wheat production of a farm given the number of workers the farm employs. |Number of Workers |0 |1| 2| 3 |Production (kg/day) |0| 6| 11| 14 The farmer can sell each kg of wheat for $10. The farmer pays each work
- The Zippy Paper Company has no control over either the price of paper or the wage it pays its workers. The following table shows the relationship between the number of workers zippy hires and total ou
- Terri runs a rose farm. The table shows part of Terri's total product schedule. Construct Terri's marginal product and average product schedules. Complete the table. Terri's marginal returns increase for: A. all workers B. no workers C. third worker only
- If the marginal physical product of labor is 500 products per hour and if Frito Lay can sell a snack food product for $1.00, what is the change in total revenue due to the hiring of one additional hou
- Based on the following table of weekly operations, what quantity of workers should the firm hire to maximize profits if the weekly wage for these workers is $340? ||Labor ||Output ||Price (of output) |8 |200 |$6.00 |9 |300 |$5.50 |10 |400 |$5.00 |11
- Based on the following table of weekly operations, what quantity of workers should the firm hire to maximize profits if the weekly wage for these workers is $510? ||Labor ||Output ||Price (of output) |15 |200 |$10 |16 |300 |$9 |17| 400 |$8 |18 |475 |
- A pizza business has the cost structure described below. The firm's fixed costs are $0 per day. What are the firm's average total costs at an output of 10 pizzas?
- The Wage is $20 The land costs $100 The wheat sells for $10 per unit # of workers product marginal 1) What is the TOTAL PRODUCT with 4th workers ? 1.........70
- The following table shows data for a firm. The first column shows the number of variable resources employed in production, the second column shows the firm's total product, and the third column shows its product price. If the firm decides to hire five uni
- If the total output of candles in Nick's Wicks shop increases from 20 per hour to 30 per hour as he hires the second worker, then: a) the marginal product of the second worker is 20 candles. b) the marginal product of the second worker is 30 candles. c
- Refer to the table below to answer the following question. Refer to the table which gives Tania's total product schedule. The marginal product when the firm increases the number of workers from 3 to 4 per day is A) 6 teapots B) 2 teapots. C) 4 teapots.
- Assume that the product price is $4 per unit and that the hourly wage for workers is $12. Neither price nor wage changes with output. Given this table, how many workers should be hired? (a) 2. (b) 3. (c) 4. (d) 5.
- The following table shows the quantities of output produced by a firm and the amount of labor required to produce those quantities. The wage rate is $40 per worker and the fixed cost of production is
- Pizzas sell for 10 dollars each. When the pizza shop employs 2 workers per day, it will experience a marginal cost of {Blank} per pizza. A. $15 B. $25 C. $6 D. $3
- Suppose that one worker can produce 15 cookies, two workers can produce 35 cookies together, and three workers can produce 60 cookies together. What is the marginal product of the 3rd worker? a. 20 cookies. b. 25 cookies. c. 60 cookies. d. 35 cookies.
- A restaurant currently has two cooks and ten waiters. Cooks earn $10 an hour and waiters earn $5 an hour. The last cook added 40 meals served to total output, while the last waiter added 25 meals served to total output. In order to maximize the number of
- A bakery operating in the short run has found that when the level of employment in its baking room was increased from 4 to 10, in increments of 1, the corresponding levels of bread production were: (Table). A. Calculate the Marginal Product of Labor and f
- What is the marginal product of the 5th? Lisa has a lawn-mowing business. Lisa hires students to mow the lawns. Her workers go from property to property in the summer, mowing lawns. The table below sets out Lisa's total product schedule (i.e., output vers
- Columns 1 and 2 in the table (see below) represent the output/sales and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of a pizza in the area is $10.
- |Number of Workers| Total Product (basket of corn) |1| 0 |2| 3 |3| 7 |4| 10 |5| 12 The table gives the product schedule of workers who harvest corn. Diminishing marginal returns begin when the [{Blank}] is hired. A) 1st laborer B) 2nd laborer C) 3rd labor
- The following table depicts the number of boxes of strawberries that can be picked in an hour with varying amounts of labor. Calculate marginal revenue product (MRP) and answer two questions about hir
- Ten workers work jointly on a project. All 10 workers are equally skilled. The total value of the output produced is $90 times the sum of the number of hours worked by all 10 workers. Each worker's utility is equal to his income minus the square of the nu
- The table below presents the short-run production and costs at Fast Breakfast. Use the data in the table to answer the question below. | Number of workers | Quantity of Bagel per Week | Cost of oven | Cost of workers | 0 | 0 | $200 | $0 | 1 | 100 | $200
- Given the table below. What is the Total Fixed Cost when six workers are being used?
- The table shows the total production of a firm as the quantity of labor employed increases. The quantities of all other resources employed remain constant.
- The following is output data for a firm. Assume that the amounts of all non-labor resources are fixed. Number of Workers/ Units of Output. worker 0=0 units worker 1=40 units worker 2=90 units worker
- Suppose pizza parlors employ drivers whose job is to deliver pizzas to those who order over the phone. One company pays its drivers an hourly wage, and the other pays them by the number of pizzas delivered each day (which can be affected by the efforts of
- Suppose a pizza parlor has the following production costs: $5.00 in labor per pizza, $2.00 in ingredients per pizza, $0.20 in electricity per pizza, $5000 in restaurant rent per month, and $500 in ins
- The local pizza restaurant is advertising a special. If you buy one individual sized pizza, you get the next one at 25% off, the third one for 50% off and the fourth one for 75% off. Your marginal benefit from eating pizza is shown in the table below: (Ta
- What is the marginal product of the 6th student? Lisa has a lawn-mowing business. Lisa hires students to mow the lawns. Her workers go from property to property in the summer, mowing lawns. The table below sets out Lisa's total product schedule (i.e., out
- A dry cleaner currently has 10 workers and 4 machines. The workers' wage rate is $300 per worker and the rental rate for a machine is $500. The last worker added 600 units to total output and the last machine also added 600 units to total output, and the
- a) Draw the budget constraint for a person with an income of $1,000 if the price of Pepsi is $5 and the price of pizza is $10. b) Choose any combination of pizzas and from the table and write a proper budget equation with Pizza denoted as good x and Peps
- If the average product of labor is 150 bushels of wheat when three workers farm an acre of land and the marginal product of the fourth worker is 75 bushels, then the total output with four workers is ___ bushels. a. 225 b. 50 c. 525 d. 675
- The opportunity cost of one more slice of pizza in terms of sodas is the: a. number of pizza slices we have to give up in order to get one extra soda. b. total number of sodas that we have divided by the total number of pizza slices that we have. c. total
- The table below presents estimates of the maximum levels of output possible with various quantities of labor input. Assume that a unit of output sells for $10. If the wage rate of labor is $80, how many units of labor should the firm hire?
- The table above shows the total value to the factory owner of each quantity of smoke that his factory produces. The table also shows the total value to the resident of the harmful effects created by the smoke. All values are present values. Assume that n
- The table above shows the total value to the factory owner of each quantity of smoke that his factory produces. The table also shows the total value to the resident of the harmful effects created by the smoke. All values are present values. 1. Suppose th
- Given the table below. What are the Total Costs to produce 490 bushels using 7 workers?
- The table below contains information on Carrie's total utility (TU) and marginal utility (MU) from purchasing slices of pizza. A slice of pizza costs $3. Pizza (Number of Slices) Total Utility (Units
- Suppose a pizza parlor has the following production costs: $5.00 in labor per pizza, $4.00 in ingredients per pizza, $0.40 in electricity per pizza, $4,000 in restaurant per month, and $400 in insuran
- Firm X hires workers at $40 per hour and sells its product for $25 each. At its current level of production, an additional hour of labor-time adds 2.5 units of output. Given these numbers, what do you
- The following table shows the total output (units) produced with various levels of labor and each of two levels of capital: |Labor (units) | 1 |2| 3 |4 |Capital = 2 units |20 |50| 70 |80 |Capital = 4 units |40 | 100| 140| 160 When capital is
- |Choice |Quantity of Pizzas Produced |Quantity of Calzones Produced |A| 48| 0 |B |36 |15 |C |24 |30 |D |12 |45 |E |0 |60 Refer to table above. Assume Tomaso's Trattoria only produces pizzas and
- The King Kupcake firm's worker productivity is presented in the accompanying table. When King Kupcake hires its 300th worker what is that worker's marginal product of labor?
- A local pizzeria hires college students to make pizza, wait on tables, take phone orders, and deliver pizzas. For each situation described, determine whether the demand for student employees by the restaurant would increase, decrease, or remain unchanged.
- Joel hires students in the summer to do housecleaning. The table sets out Joel's total product schedule. What are the marginal product of the sixth student and the average product when Joel hires 6 st
- Paul's Pizzaparlor bakes pizza pies according to Q = 3 L ? 0.3 L 2 . if labor costs $6 and pizza sells for $10, the optimal amount of labor is: a. 3 b. 4 c. 5 d. 2 e. 6 You are manager of firm
- Use the table below showing output and costs for Betty Lou's Burritos to answer the following questions. Labor Workers per day Out put units per day Total fixed cost $ per day Total variable cost $ pe
- An economics student was asked to create an average total cost table (ATC) for producing lobster dinners. This student constructed the following schedule for average total cost and output for lobster
- Austin's total fixed cost at the bakery is $3,600 a month. Austin employs 20 workers and pays each worker $8 an hour. The marginal product of the twentieth worker is 12 iced cupcakes an hour. What is
- The table below presents the short-run production and costs at Fast Breakfast. Use the data in the table to answer the questions below. | Number of workers | Quantity of Bagel per Week | Cost of oven | Cost of workers | 0 | 0 | $200 | $0 | 1 | 100 | $20
- Given the table below. If farmer Jim desired to produce wheat at the lowest average total cost for each bushel, how many workers should he hire?
- Mario's can produce a pizza for a marginal cost of $6. Its price is a pizza for $20. (a) Could Mario's pizza make a larger economic profit by offering a second pizza for $5? (b) Could Mario's Pizza make more money by offering a coupon that credits for $4?
- If crisps were free at a party, then party-goers would consume: a) an infinite quantity of crisps b) the quantity of crisps at which total utility from crisps falls to zero c) the quantity of crisps at which marginal utility from crisps falls to zero d) z
- Mario's Pizza can produce a pizza for a marginal cost of $6. Its price is a pizza for $20. (i) Could Mario make a larger economic profit by offering a second pizza for $5? (ii) Could Mario make more money by offering a coupon that credits for $4? Should
- Suppose you are the owner of a small factory which produces tables and chairs. You have 3 workers: worker A, B, and C. Worker A can produce 4 tables or 8 chairs in one day. Worker B can produce 10 tables or 10 chairs, and worker C can produce 8 tables or
- A local firm produces three types of Pizza, for delivery to homes in the area. The owner has completed research, to discover the demand curves for each of the three pizzas. The schedules are shown below: Price Pizza A (Qd) Pizza B (Qd) Pizza C (Qd) 12 80
- There are 30 utils from one slice of pizza, 15 utils from two slices of pizza, and 8 utils from three slices of pizza. The marginal utility from the second slice of pizza is: a. 8 b. 15 c. 53 d. 23
- Suppose that each U S. worker can produce 8 units of food or 2 units of clothing daily. In Fredonia, which has the same number of workers, each worker can produce 7 units of food or 1 unit of clothing daily. Why does the United States have an absolute adv
- Giuseppe's Pizza is a family-owned pizzeria. It uses 4 and hires make pizza ovens labor to and sell pizza. Giuseppes cost of capital is $128 per over per day and its cost of labor is $64 per worker-da
- Table 1 gives the Total Benefit you receive as a function of Quantity consumed. At which per-unit price do you purchase and consume exactly three units? Table 1: Total benefit as a function of quantity consumed. A. $20.50 per unit B. $7.50 per unit
- The table above shows the total value to the factory owner of each quantity of smoke that his factory produces. The table also shows the total value to the resident of the harmful effects created by the smoke. All values are present values. a) If the gov
- There are two goods, food and clothing, which are made using capital and labor. The quantity of capital and labor are fixed. Factors are fixed in total but can move from one industry to another. Supp
- The following table depicts the number of grapes that can be picked in an hour with varying amounts of labor. A. Fill in the table below, assuming that the local wage rate is $6 an hour and a flat of grapes sells for $2. B. How many pickers will be hired?
- Use the following table to answer the following questions: If the workers are paid $10 per hour, the price of the product is $4, and the fixed cost of the business is $10, then how many workers should the business employ? a. six b. five c. seven d. thre
- An economy produces three goods, soda, cheese, and pizzas, each by a separate firm. The soda, pizza and cheese companies employ labor and land to produce their products. The pizza company also buys $
- Acme, Inc. is a specialty coffee restaurant. The following table shows the relationship between the number of workers and Acme's output on any given day. You also know that Acme has total fixed costs of $120 per day, and each worker costs $80 per day. A.
- John Amaker owns orange groves and hires pickers for a two-week period. The output from the orange groves are shown in the table below: (Table). (i) What is the marginal product of the second picker? the sixth picker? (ii) When does diminishing returns st
- Productivity is defined as the a. amount of goods and services produced from each hour of a worker's time. b. number of workers required to produce a given amount of goods and services. c. amount of labor which can be saved by replacing workers with machi