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Question: 2. Inputs and outputs Maria's performance Pizza is a small rest… Post a question
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Expert Answer

vlma007 answered this

Was this answer helpful? 33 1
43,190 answers

Workers vary with demand so they are variable

inputs but ovens are purchased for once so they are
fixed
inputs.

Marginal product of labor is the difference in the output for

each 1 extra unit of labor.

Workers Output MPL

0 0

1 50 50

2 90 40

3 120 30

4 140 20

5 150 10

See that fixed cost is fixed for oven and it is $30 for all
output ranges. Variable cost is the total wages. Total
cost is sum
of these two costs

Workers Output MPL Fixed Variable Total

cost cost cost

0 0 30 0 30

1 50 50 30 30 60

2 90 40 30 60 90

3 120 30 30 90 120

4 140 20 30 120 150

5 150 10 30 150 180

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Law of diminishing marginal returns is applicable for total

product increasing at decreasing rate. Hence
correct option is 3rd
one.

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