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. $\begin{array} { | l | l | } \hline \begin{array} { l } \text { Number of } \\\text { cooks }\end{array} & \begin{array} { l } \text { Total production of } \\\text { pizzas each hour }\end{array} \\\hline 0 & 0 \\\hline 1 & 4 \\\hline 2 & 7 \\\hline 3 & 9 \\\hline 4 & 10 \\\hline 5 & 10 \\\hline\end{array}$
If you operate one hour every day,what is the marginal benefit of hiring the 3^rd cook?

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}

If you operate one hour every day,what is the marginal benefit of hiring the 3^rd cook?

Quizplus · Accepted Answer

The Answer of 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. $$\begin{array} { | l | l | } \hline \begin{array} { l } \text { Number of } \ \text { cooks } \end{array} & \begin{array} { l } \text { Total production of } \ \text { pizzas each hour } \end{array} \ \hline 0 & 0 \ \hline 1 & 4 \ \hline 2 & 7 \ \hline 3 & 9 \ \hline 4 & 10 \ \hline 5 & 10 \ \hline \end{array}$$ If you operate one hour every day,what is the marginal benefit of hiring the 3^rd cook?

You Own a Pizza Shop Called "Pizzas'R' Us If You Operate One Hour Every Day,what Is the Marginal