You own a pizza shop called "Pizzas'R' Us". Currently you are paying your cooks an hourly wage of $20. You sell a medium pizza for $10. By hiring more cooks, you can increase your pizza production as shown in the following table. $$\begin{array} { | l | l | }
\hline \begin{array} { l }
\text { Number of } \
\text { cooks }
\end{array} & \begin{array} { l }
\text { Total production of } \
\text { pizzas each hour }
\end{array} \
\hline 0 & 0 \
\hline 1 & 4 \
\hline 2 & 7 \
\hline 3 & 9 \
\hline 4 & 10 \
\hline 5 & 10 \
\hline
\end{array}$$ What is the dollar value of total production during an 8-hour shift if you hire 2 cooks?

Question

You own a pizza shop called "Pizzas'R' Us". Currently you are paying your cooks an hourly wage of $20. You sell a medium pizza for $10. By hiring more cooks, you can increase your pizza production as shown in the following table. $$\begin{array} { | l | l | } 
\hline \begin{array} { l } 
\text { Number of } \
\text { cooks }
\end{array} & \begin{array} { l } 
\text { Total production of } \
\text { pizzas each hour }
\end{array} \
\hline 0 & 0 \
\hline 1 & 4 \
\hline 2 & 7 \
\hline 3 & 9 \
\hline 4 & 10 \
\hline 5 & 10 \
\hline
\end{array}$$ What is the dollar value of total production during an 8-hour shift if you hire 2 cooks?

Quizplus · Accepted Answer

With 2 cooks, the total production of pizzas is 7 per hour. During an 8-hour shift, the total production will be 56 pizzas (7 pizzas/hour * 8 hours).

Each medium pizza sold for $10, so the total revenue generated by selling 56 pizzas will be $560.

The cost of paying 2 cooks for 8 hours will be:

2 cooks * $20/hour * 8 hours = $320.

Therefore, the profit (revenue - cost) will be:

$560 - $320 = $240.

Therefore, the dollar value of total production during an 8-hour shift if you hire 2 cooks is $560.

You Own a Pizza Shop Called "Pizzas'R' Us What Is the Dollar Value of Total Production During an Are