![cathyfrawley](/avatars/9811.jpg)
cathyfrawley
06.04.2021 •
Business
Ray's Pizzeria is considering the addition of a 5th worker if this increases profit. Pizza sales increased from 300 per day to 360 per day when the 4th worker was added, indicating that the marginal product of the 4th worker was equal to blank1 - Numeric Answer Type your answer here Please type your answer to submit pizzas. If adding a 5th worker increases sales from 360 to 400, the marginal product of the fifth worker is blank2 - Numeric Answer Type your answer here pizzas.
Solved
Show answers
More tips
- S Science and Technology When do we change our clocks?...
- A Animals and plants How to Teach Your Parrot to Talk?...
- F Family and Home How to Remove Fading from Clothes: Tips and Tricks...
- F Food and Cooking How to Make Polendwitsa at Home?...
- F Family and Home Parents or Environment: Who Has the Most Influence on a Child s Upbringing?...
- P Philosophy Unbelievable stories of encounters with otherworldly forces...
- L Leisure and Entertainment How to Choose the Perfect Gift for Men on February 23rd?...
- H Health and Medicine How to Treat Whooping Cough in Children?...
- H Health and Medicine Simple Ways to Lower Cholesterol in the Blood: Tips and Tricks...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
Answers on questions: Business
- B Business In addition to the traditional forms of business organizations we ve mentioned above, some specialized forms have become important. these specialized forms include...
- B Business If you purchase health insurance from a federal- or state-facilitated health insurance marketplace, then you are eligible for a premium tax...
- B Business If merchandise was returned under the periodic inventory method, this will be recorded with a a. debit to accounts payable and a credit to purchases returns and...
- B Business Alarge firm in the 3-d printing industry employs 250 people, of which 36 are upper-level managers. as a result of this employee-to-manager ratio, the firm experiences...
- B Business The u.s. strongly relies on gdp data. however, it is only the total value of finished goods produced by the country. officials are looking to measure total sales...
- B Business The price of a product has dropped greatly, and store owners do not have enough of the item to meet demand....
- B Business Abc company is entering a new international market and has decided to enter the market under a different brand name. the selected brand name should?...
- B Business The legal documents that identify the basic agreements between partners are called:...
- B Business Phân tích chiến lược cấp doanh nghiệp của công ty du lịch...
- B Business Phân tích tác động của toàn cầu hóa đến công tác quản trị nhân lực trong các doanh nghiệp hiện nay...
Ответ:
60 pizzas
40 pizzas
Explanation:
Marginal product measures the change in output as a result of a change in input by one unit
Marginal product = change in output / change in input
Marginal product for the 4th worker
Change in output = 360 - 300 = 60 pizzas
Change in input = 4 - 3 = 1 worker
Marginal product = 60 / 1 = 60
Marginal product for the 5th worker
Change in output = 400 - 360 = 40 pizzas
Change in input = 5 - 4 = 1
Marginal product = 40 / 1 = 40
It can be seen that marginal product decreased from 60 to 40 when the 5th worker was added. This illustrates diminishing marginal returns.
The law of diminishing returns says as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.
Ответ:
the answer to your question is B hope this helps :)