I am having trouble understanding how to answer the last part of this question. I am providing the work I did on the remainder of the problem to provide context, but the multiple choice question is what I'm stuck on. If you see an error in my previous work that would cause me to have trouble with this last question, please let me know and I will fix it. Thank you! 2. Inputs and outputsBrian's Performance Pizza is a small restaurant in Houston that sells gluten-free pizzas. Brian's very tiny kitchen has barely enough room for the fourovens in which his workers bake the pizzas. Brian signed a lease obligating him to pay the rent for the four ovens for the next year. Because of this,and because Brian's kitchen cannot fit more than four ovens, Brian cannot change the number of ovens he uses in his production of pizzas in the shortrun.However, Brian's decision regarding how many workers to use can vary from week to week because his workers tend to be students. Each Monday,Brian lets them know how many workers he needs for each day of the week, In the short run, these workers are variable v inputs, and the ovensare fixedv inputs.Brian'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.LaborOutputMarginal Product of Labor(Number of workers)(Pizzas)(Pizzas)8080701505020020422010230 On the following graph, plot Brlan'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).250225Production Funcion2001751501251007550254LABOR (Number of workers)Suppose that labor is Brian's only varlable cost and that he has a fixed cost of $15 per day and pays each of his workers $30 per day.Use the orange points (square symbol) to plot Brian's total cost curve on the following graph using the quantities from the preceding table.200180Total Cost160140120100B0604020255075100125150175200 225250QUANTITY OF OUTPUT (Pizzas)The law of diminishing marginal product of labor is demonstrated by which of the following?O Total output Increases only when you increase both labor and ovens.Total output increases at a decreasing rate as you increase the quantity of labor.O Total output declines as you Increase the quantity of labor.TOTAL COST (Dollars)QUANTITY OF OUTPUT (Pizzas)

According to the law of diminishing marginal product, the marginal output decreases when one more…

I am having trouble understanding how to answer the last part of this question. I am providing the work I did on the remainder of the problem to provide context, but the multiple choice question is what I'm stuck on. If you see an error in my previous work that would cause me to have trouble with this last question, please let me know and I will fix it. Thank you!

I am having trouble understanding how to answer the last part of this question. I am providing the work I did on the remainder of the problem to provide context, but the multiple choice question is what I'm stuck on. If you see an error in my previous work that would cause me to have trouble with this last question, please let me know and I will fix it. Thank you!

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 3PA

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