# BUS 640 W3 P1

**probkovatel**

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 ovens 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.

- 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?
- What number of workers appears to be most efficient in terms of pizza product per worker?
- What number of workers appears to minimize the marginal cost of pizza production assuming that each pizza worker is paid $500 per week?
- Why would marginal productivity decline when you hire more workers in the short run after a certain level?
- 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.

- 7 years ago
- 10

**Answer(9)**

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- production_function-1.docx

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- 786522594.docx

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- bus_640_week_3.doc

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- pizzas.docx
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- assignment_3.docx

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- production_cost_analysis_and_estimations.docx

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- production_cost_analysis_and_estimation_applied_problems_with_solutions_.doc

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- 5_bus_640_w3_p2.docx

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- production_cost_analysis_and_estimation_applied_problems.docx

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### Production Cost Analysis and Estimation Applied Problems

# Production Cost Analysis and Estimation Applied Problems

7 years ago### Production Cost Analysis and Estimation Applied Problems

Please complete the followingtwo applied problems:**Problem 1:**

William is the owner of a small pizza shop and is thinking of increasing products and lowering costs. William’s pizza shop owns …5 years ago### William is the owner of a small pizza shop

**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

ovens is $1,000. Each worker is paid …7 years ago### William is the owner of a small pizza shop

NOT RATED**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

ovens is $1,000. Each worker is …7 years ago### William is the owner of a small pizza shop

NOT RATED**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

ovens is $1,000. Each worker is …7 years ago### William is the owner of a small pizza shop and is thinking of increasing products and lowering costs

NOT RATEDProblem 1:

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

ovens is $1,000. Each …7 years ago### Production Cost Analysis and Estimation Applied Problems

NOT RATEDProblem 1:

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

ovens is $1,000. Each …7 years ago### BUS 640 W3 P1

NOT RATEDWilliam 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 ovens is $1,000. Each worker is …

7 years ago### 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 ovens is $1,000. Each worker is paid $500 per week.

NOT RATEDProblem 1:

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

ovens is $1,000. Each …6 years ago### BUS 640 W3 P1: 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 ovens is $1,000. Each worker is paid $500 per week

NOT RATEDWilliam 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 ovens is $1,000. Each worker is …

6 years ago