2. Inputs and outputs Raphael's Performance Pizza is a small restaurant in San Diego that sells gluten-free pizzas. Raphael's very tiny kitchen has barely enough room for the four ovens in which his workers bake the pizzas. Raphael signed a lease obligating him to pay the rent for the four ovens for the next year. Because of this, and because Raphael's kitchen cannot fit more than four ovens, Raphael cannot change the number of ovens he uses in his production of pizzas in the short run. However, Raphael's decision regarding how many workers to use can vary from week to week because his workers tend to be students. Each Monday, Raphael lets them know how many workers he needs for each day of the week. In the short run, these workers are variable inputs, and the inputs ovens are fixed Raphael'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 Labor Output Marginal Product of Labor (Number of workers) (Pizza) (Plazas) 0 100 180 0 1 2 AAAAA 240 4 250 5 300 On the following graph, plot Raphael's production function using the green points (trangle symbol). Note Pot your points in the order in which you would like them connected. Line segments will connect the points automatically Hint: Be sure te plot the point a(0, 0) On the following graph, plot Raphael'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). 300 270 240 Production Function 210 180 QUANTITY OF OUTPUT (Piazzas) 150 120 90 00 30 0 0 LABOR (Number of workers) Suppose that laboris Raphael's only variable cost and that he has a fixed cost of $50 per day and pays each of his workers $40 per day. Use the orange points Suppose that labor Is Raphael's only variable cost and that he has a fixed cost of $50 per day and pays each of his workers $40 per day. Use the orange points (square symbol) to plot Raphael's total cost curve on the following graph using the quantities from the preceding table, ? 300 270 240 Total Cost 210 160 TOTAL COST (Dollars) 150 120 30 30 O 0 120 1500 210 240 QUANTITY OF OUTPUT (P) 270 300 True or False: The shape of the production function reflects the law of increasing marginal returns True False