Reference no: EM13924061
William is the owner of a small pizza shop and is thinking of increasing products and lowering costs. William's pizza shop owns four ovens and the cost of the four oven's is $1,000. Each worker is paid $500 per week.
Show all of your calculations and processes. Describe your answer for each question in complete sentences, whenever it is necessary.
a. 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 numbers of workers employed?
b. What number of workers appears to be the most efficient in terms of pizza product per worker?
c. What number of workers appears to minimize the marginal cost of pizza production assuming that each pizza worker is paid $500 per week?
d. Why would marginal productivity decline when you hire more workers in the short run after a certain level?
e. 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?
|
Would you increase or decrease user fees
: Consider the following questions: would you make any changes to individual and corporate income tax rates, property taxes, or sales taxes? Would you increase or decrease user fees
|
|
Implement a networking in given building design
: You need to implement a networking in given building design - Assume separate business functions on each floor, only top floor allowed full access.
|
|
Negative effects of technology and the media influence
: Technology Your text shares many negative effects of technology and the media's influence on children. Regardless, technology is increasing rapidly and is only becoming a larger portion of our children's lives. First, choose an age level toddler, ..
|
|
Flights and passengers
: Thomasson Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports.
|
|
How would expanding business affect the economies of scale
: 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?
|
|
Effects of organizational structure on communication
: Write a 350- to 700-word paper in which you address the effects of organizational structure on communication regarding the following scenario:
|
|
Hacking occurred and the organization had the right plan
: Security Computer forensics and hacking go hand in hand. Discuss in (Need 2 Reports with 2 pages each report = 4 Total Pages), two cases where hacking occurred and the organization had the right plan in place to combat the hack. Describe the proce..
|
|
Cultural and linguistic differences podcast
: Cultural and Linguistic Differences Listen to the Cultural and Linguistic Differences podcast from The IRIS Center, or view the transcript. Consider what Donna Ford has to say about prejudice and stereotyping. Discuss how educators can positively ..
|
|
Organizational structure presentation formal bibliography
: Organizational Structure Presentation Formal Bibliography Resources: Reference and Citation Examples and the Reference and Citation Generator at the Center for Writing Excellence
|