Production Data for Joe's Pizza Parlor Are as Follows How Many Workers Will Joe Hire If He Must Pay

question 27

Multiple Choice

Production data for Joe's Pizza Parlor are as follows. For simplicity assume that labor is the only input. Each pizza sells for $5. $$\begin{array} { | c | c | } \hline \text { Number of Workers } & \text { Pizzas Baked Per Day } \\\hline 0 & 0 \\\hline 1 & 10 \\\hline 2 & 18 \\\hline 3 & 24 \\\hline 4 & 30 \\\hline 5 & 32 \\\hline\end{array}$$ How many workers will Joe hire if he must pay each one $35 a day?

• A) 1
• B) 2
• C) 3
• D) 4

---

Definitions:

Cognitive Map

A mental representation of one's physical environment and spatial orientation.

Prototype

An original model or preliminary version of a product from which other forms are developed or copied.

Availability Heuristic

A cognitive bias in which people judge the probability of events based on how easily examples come to mind, often leading to skewed perceptions of reality.

Base-Rate

The underlying or foundational rate of occurrence for a particular event or outcome within a given population or dataset.