2. Inputs and outputs Yvette's Performance Pizza is a small restaurant in Miami that sells gluten-free pizzas. Yvette's very tiny kitchen has barely enough room for the three ovens in which her workers bake the pizzas. Yvette signed a lease obligating her to pay the rent for the three ovens for the next year. Because of this, and because Yvette's kitchen cannot fit more than three ovens, Yvette cannot change the number of ovens she uses in her production of pizzas in the short run However, Yvette's dedsion regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Yvette lets them know how many workers she needs for each day of the week. In the short run, these workers are variable inputs, and the ovens are_fixed inputs. Yvette'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) (Pizzas) (Pizza) 0 0 60 1 60 40 2 100 30 1.30 20 4 150 10 5 160 189889 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). 2 200 130 150 Production Function 140 120 QUANTITY OF OUTPUT Pzzas) 3 100 10 60 40 20 5 LABOR (Number of workers) Suppose that laboris Yvette's only variable cost and that she has a fixed cost of $20 per day and pays each of her workers $30 per day Use the orange points (square symbol) to plot Yvette's total cost curve on the following graph using the quantities from the preceding table. 200 160 -0- 150 Total Cost 140 120 TOTAL COST (Dohara 100 30 GO 40 20 0 0 40 60 00 100 20 140 160 QUANTITY OF OUTPUT (Peza) 100 200 True or False: The shape of the production function reflects the law of increasing marginal returns True False