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Do the whole problem and make the dots on the graph clear pls.
Paolo's Performance Pizza is a sma ...
Do the whole problem and make the dots on the graph clear pls.
Paolo's Performance Pizza is a small restaurant in Chicago that sells gluten-free pizzas. Paolo's very tiny kitchen has barely enough room for the two ovens in which his workers bake the pizzas. Paolo signed a lease obligating him to pay the rent for the two ovens for the next year. Because of this, and because Paolo's kitchen cannot fit more than two ovens, Paolo cannot change the number of ovens he uses in his production of pizzas in the short run. However, Paolo's decision regarding how many workers to use can vary from week to week because his workers tend to be students. Each Monday, Paolo lets them know how many workers he needs for each day of the week. In the short run, these workers are inputs, and the ovens are inputs. Paolo's daily production schedule is presented in the following table. Fill in the blanks to complete the Marginal Product of Labor column for each worker. On the following graph, plot Paolo'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 \( (0,0) \).
Suppose that labor is Paolo's only variable cost and that he has a fixed cost of \( \$ 10 \) per day and pays each of his workers \( \$ 50 \) per day. Use the orange points (square symbol) to plot Paolo's total cost curve on the following graph using the quantities from the preceding table.
True or False: The shape of the production function reflects the law of diminishing marginal returns. True False