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The following table shows the number of pizzas that can be produced by a large pizza parlor employing various numbers of pizza chefs.
Number of chefs...Number of pizzas per day
1_____________40
2_____________64
3_____________82
4_____________92
5_____________100
6_____________92
a. Find the marginal physical product schedule of the pizza chefs.
b. Assuming a price of $9 per pizza, find the marginal revenue product schedule.
c. If chefs are paid $100 per day, how many chefs will this pizza parlor employ? How would your answer change if chefs’ wages rose to $125 per day?
d. Suppose the price of pizza increases from $9 to $12. What is the marginal revenue product schedule for pizzas at this price? How many chefs will be employed by the pizza parlor if the wage is $100 per day? How about if it’s $125 per day?
help me check my answers
i get 40,24,18,10, 8,-8 for a
360,216,162,90,72,90 for b
and have no idea how to do c and d