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Homework answers / question archive / Pizza Work hours M workers or the change in Work hours MC(at a wage of $20/hour), inputs at $4 MPL amount that one worker would produce 1 0
| Pizza | Work hours | M workers or the change in Work hours | MC(at a wage of $20/hour), inputs at $4 | MPL amount that one worker would produce |
| 1 | 0.3 | |||
| 2 | 0.7 | |||
| 3 | 1.2 | |||
| 4 | 1.8 | |||
| 5 | 2.5 | |||
| 6 | 3.3 | |||
| 7 | 4.2 | |||
| 8 | 5.2 | |||
| 9 | 6.3 | |||
| 10 | 7.5 |
Demand is strong and Antonio's can sell more pizza
1. In the short-run, how can they increase production?
2. Fill in the table. After the first pizza, what happens to the time needed for each additional pizza? Why? What happens to the marginal product of labor? What happens to marginal costs?
3. If ingredients are $4 per pizza and wage $20, how many pizzas will Antonio's offer to sell at $12 pizza? How many at $20?
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