The production function of william pizza shop

Assignment Help Business Management
Reference no: EM13705246

William is the owner of a small pizza shop and is thinking of increasing products and lowering costs.  William's Pizza show owns four ovens and the cost of the four ovens is $1,000.  Each worker is paid $500 per week. 

Workers employed     Qty of pizzas produced per week

0                                         0

1                                         75

2                                        180

3                                         360

4                                        600

5                                        900

6                                        1140

7                                         1260

8                                        1360

Show all of your calculations and processes. Describe youranswer for each question in complete sentences, whenever it is necessary.

  1. Which inputs are fixed and which are variable in the production function of William's pizza shop? Over what ranges do there appear to be increasing, constant, and/or diminishing returns to the number of workers employed?
  2. What number of workers appears to be most efficient in terms of pizza product per worker?
  3. What number of workers appears to minimize the marginal cost of pizza production assuming that each pizza worker is paid $500 per week?
  4. Why would marginal productivity decline when you hire more workers in the short run after a certain level?
  5. How would expanding the business affect the economies of scale? When would you have constant returns to scale or diseconomies of scale? Describe your answer.


Reference no: EM13705246

Explain decrease the health insurance benefits

Presume you are mediating this dispute. Deliberate five creative solutions you would suggest for how the grocers could decrease the health insurance benefits besides

Lighting and temperature changes

Provide the name study which concluded that lighting and temperature changes within organizations did not significantly influence production, actually production increased w

Explain how much is deductible

Steve, who is single, has $100,000 of salary, $10,000 of income from a limited partnership and a $25,000 passive loss from a real estate rental activity in which he actively

Action plans are linked to the organizational vision

•Recognise how your action plans are linked to the organizational vision and mission and the service strategy. •Summarize your overall plan, indicating its current limitation

Current landscape of global hrm impact hr planning

Global HRM: How does the current landscape of global HRM impact HR planning? What are the HRM implications of Hofstede's, Trompenaars', and the GLOBE models' cross-cultural

Religion and morality presentation

Create an 8- to 10-slide Microsoft® PowerPoint® presentation explaining both the connections and differences between religion and morality. Address the following in your prese

Select a business decision made within the organization

Select a business decision made within the organization. Identify the potential ethical implications associated with this decision. Determine the effect this may have on the d

Referring to the social and private curves

Say that the coal energy market has a negative externality. Should the government impose a tax or subsidy in this market? Describe why by referring to the social and private


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd