Question
Answered step-by-stepAsked by ProfUniverseAnt268 on coursehero.com
Mario recently opened a pizza restaurant and has one pizza oven....
Mario recently opened a pizza restaurant and has one pizza oven. The data for his restaurant is in the table below. Answer the following:
- Fill in the last column.
- Explain how the law of diminishing returns applies to Mario's restaurant.
- Explain the result of hiring the 6th worker—how can the change in the marginal product be possible?
| Marios's Pizza Restaurant | ||
|---|---|---|
| Number of workers | Total number of pizzas produced/day (output) | Marginal product |
0 1 2 3 4 5 6 | 0 15 35 50 60 65 60 |
Answer & Explanation
Solved by verified expertAnswered by Msaloo on coursehero.com
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