Question

2. Inputs and outputs Erics Performance Pizza is a small restaurant in New York City that sells gluten-free pizzas. Erics v
On the following graph, plot Erics production function using the green points (triangle symbol). Note: Plot your points in t
uppose that labor is Erics only variable cost and that he has a fixed cost of $50 per day and pays each of his workers $40 p
TOTAL COST (Dollar + 0 30 270 300 60 90 120 150 180 210 240 QUANTITY OF OUTPUT (Pizzas) The law of diminishing marginal produ
0 0
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the variable resources, fixed resources. workers are overs are WL TPL MPL 100 or who 100 180 800 240 280 300 40 20 Production

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