Gino's Pizza shop hires cooks in a competitive market.The raw material required to make each pizza costs $5.Daily output at Gino's Pizza varies with the number of workers hired,as shown in the table below: $\begin{array} { c c } \text { Number of workers } & \text { Pizzas/ Day } \\0 & 0 \\1 & 16 \\2 & 36 \\3 & 54 \\4 & 70 \\5 & 84 \\6 & 96\end{array}$
If the pizzas sell for $8 per pie and the ingredients cost $5 per pie,what is the value marginal product for the 4^th worker?

Question

Gino's Pizza shop hires cooks in a competitive market.The raw material required to make each pizza costs $5.Daily output at Gino's Pizza varies with the number of workers hired,as shown in the table below:

\begin{array} { c c } \text { Number of workers } & \text { Pizzas/ Day } \\0 & 0 \\1 & 16 \\2 & 36 \\3 & 54 \\4 & 70 \\5 & 84 \\6 & 96\end{array}

If the pizzas sell for $8 per pie and the ingredients cost $5 per pie,what is the value marginal product for the 4^th worker?

Quizplus · Accepted Answer

The Answer of Gino's Pizza shop hires cooks in a competitive market.The raw material required to make each pizza costs $5.Daily output at Gino's Pizza varies with the number of workers hired,as shown in the table below: $$\begin{array} { c c } \text { Number of workers } & \text { Pizzas/ Day } \ 0 & 0 \ 1 & 16 \ 2 & 36 \ 3 & 54 \ 4 & 70 \ 5 & 84 \ 6 & 96 \end{array}$$ If the pizzas sell for $8 per pie and the ingredients cost $5 per pie,what is the value marginal product for the 4^th worker?

Gino's Pizza Shop Hires Cooks in a Competitive Market If the Pizzas Sell for $8 Per Pie and the Material