Examlex

Solved

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

question 87

Multiple Choice

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.  Number of  cooks  Total production of  pizzas each hour 00142739410510\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 3rd cook?


Definitions:

Related Questions