Table 1. Chocolate chip cookie output and number of workers. Cookies sell for $2.50 each….

Table 1. Chocolate chip cookie output and number of workers. Cookies sell for $2.50 each. Ingredients (butter, eggs, flour, nuts, sugar, vanilla how many workers will be hired and how many cookies made if the wage falls to $14) cost $0.50 for each cookie.
» Workers output( brownies) 2 34 3 57 1 10 4 78 5 97 6 114 7 129 8 142 9 152 10 159 11 163 12
Table 1. Chocolate chip cookie output and number of workers. Cookies sell for $2.50 each. Ingredients (butter, eggs, flour, nuts, sugar, vanilla how many workers will be hired and how many cookies made if the wage falls to $14) cost $0.50 for each cookie. Workers output( brownies) 2 34 3 57 1 10 4 78 5 97 6 114 7 129 8 142 9 152 10 159 11 163 12 164 13 164 14 163 15 161 16 158 17 154 18 149 question: Nick could buy a 2nd He estimates that the 2nd oven would raise output for any given number of workers as indicated in table 2. How many workers will be hired and how many cookies produced with two ovens at a wage of $26? Would your answer change any if there is a limited market for chocolate chip cookies so that Nick would have to lower the price of cookies to sell more

Table 2. Workers and output, two ovens Workers output 1 40 2                         79 3                       117 4                       154 5 190 6 224 7 256 8 286 9 314 10 340 11 364 12 386 13 406 14 424 15 439 16 452 17 462 18 469 19 473 20 474  

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