3. Inputs and outputs Shen's Performance Pizza is a small restaurant in Calgaryr that sells glutenfree pizzas. Shen's very tiny kitchen has barelyr enough room for the four ovens in which his workers bake the pizzas. Shen signed a lease obligating him to pay the rent for the four ovens for the next year. Because of this, and because Shen's kitchen cannot t more than four ovens, Shen cannot change the number of ovens he uses in his production of pizzas in the short run. However, Shen's decision regarding how many workers to use can vary from week to week because his workers tend to be students. Each Monday, Shen lets them know how many workers he needs for each clay of the week. In the short run, these workers are V inputs, and the ovens are V inputs. Shen's daily.r production schedule is presented in the following table. 3. Inputs and outputs Shen's Performance Pizza is a small restaurant in Calgary that sells glutenfree pizzas. Shen's very tiny kitchen has barely enough room for the four ovens in which his workers bake the pizzas. Shen signed a lease obligating him to pay the rent for the four ovens for the next year. Because of this, and because Shen's kitchen cannot t more than four ovens, Shen cannot change the number of oyens he uses in his production of pizzas in the short run. However, Shen's decision regarding how many workers to use can vary from week to week because his workers tend to be students. Each I'l'londayr Shen lets them know how many workers he needs for each day of the week. In the short run, these workers are 7 inputs, and the oyens are V inputs. Shen's daily production schedule is presented in the following table. 3. Inputs and outputs Shen's Performance Pizza is a small restaurant in Calgary that sells glutenfree pizzas. Shen's very tiny kitchen has barely enough room for the four ovens in which his workers bake the pizzas. Shen signed a lease obligating him to pay the rent for the four ovens for the next year. Because of this, and because Shen's kitchen cannot t more than four ovens, Shen cannot change the number of oyens he uses in his production of pizzas in the short run. However, Shen's decision regarding how many workers to use can vary from week to week because his workers tend to be students. Each Monday, Shen lets them know how many workers he needs for each day of the week. In the short run, these workers are V inputs, and the oyens are V inputs. She oduction schedule is presented in the following table. Fill in the blanks to complete the Marginal Product of Labour column for each worker. Output Marginal Product of Labour Number of Workers (Pizzas) (Pizzas) 0 0 10 2 50 3 80 4 100 5 110 On the following graph, plot Shen'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).On the following graph, plot Shen'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). 200 180 Production Function 180 140 120 QUANTITY OF OUTPUT (Pizzas) 100 80 60 40 20 2 3 5 LABOUR HIRED (Number of workers) Suppose that labour is Shen's only variable cost and that he has a fixed cost of $20 per day and pays each of his workers $30 per day. Use the orange points (square symbol) to plot Shen's total cost curve on the following graph using the quantities from the preceding table.Suppose that labour is Shen's only variable cost and that he has a fixed cost of $20 per day and pays each of his workers $30 per day. Use the orange points (square symbol) to plot Shen's total cost curve on the following graph using the quantities from the preceding table. 200 -0 180 Total Cost 180 140 120 TOTAL COST (Dollars) 100 80 60 40 20 0 20 40 60 80 100 120 140 160 180 200 QUANTITY OF OUTPUT (Pizzas) True or False: The shape of the production function reflects the law of increasing marginal returns. O True O False