6. Firm's Costs 2Consider the following cost information for a pizzeria:QuantityTotal CostVariable Cost(Dozens of pizzas) (Dollars)(Dollars)280132040235070338010044201404701906530250The pizzeria's fixed cost isComplete the third column of the following table by calculating the marginal cost per dozen pizzas using the information on total cost. Then completethe final column by calculating the marginal cost per dozen pizzas using the information on variable cost.QuantityTotal CostMarginal CostVariable CostMarginal CostUsing Total Cost(Dollars)Using Variable Cost(Dollars)(Dozens of pizzas) (Dollars)(Dollars)2803204035070AA Complete the third column of the following table by calculating the marginal cost per dozen pizzas using the information on total cost. Then completethe final column by calculating the marginal cost per dozen pizzas using the information on variable cost.QuantityTotal Cost Marginal CostVariable Cost Marginal CostUsing Total Cost(Dollars)Using Variable Cost(Dozens of pizzas) (Dollars)(Dollars)(Dollars)280320402350703801004420140470190530250True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost.TrueFalseAMAAAAAAAAAA

Total Cost is the cost which faced by producer in producing goods and services , it includes…

Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of pizzas) (Dollars) (Dollars) 280 1 320 40 2 350 70 380 100 420 140 470 190 530 250 The pizzeria's foced cost is S

Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of pizzas) (Dollars) (Dollars) 280 1 320 40 2 350 70 380 100 420 140 470 190 530 250 The pizzeria's foced cost is S

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: The Cost Of Production

Section: Chapter Questions

Problem 6PA

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Question

6. Firm's Costs 2
Consider the following cost information for a pizzeria:
Quantity
Total Cost
Variable Cost
(Dozens of pizzas) (Dollars)
(Dollars)
280
1
320
40
2
350
70
3
380
100
4
420
140
470
190
6
530
250
The pizzeria's fixed cost is
Complete the third column of the following table by calculating the marginal cost per dozen pizzas using the information on total cost. Then complete
the final column by calculating the marginal cost per dozen pizzas using the information on variable cost.
Quantity
Total Cost
Marginal Cost
Variable Cost
Marginal Cost
Using Total Cost
(Dollars)
Using Variable Cost
(Dollars)
(Dozens of pizzas) (Dollars)
(Dollars)
280
320
40
350
70
AA

Complete the third column of the following table by calculating the marginal cost per dozen pizzas using the information on total cost. Then complete
the final column by calculating the marginal cost per dozen pizzas using the information on variable cost.
Quantity
Total Cost Marginal Cost
Variable Cost Marginal Cost
Using Total Cost
(Dollars)
Using Variable Cost
(Dozens of pizzas) (Dollars)
(Dollars)
(Dollars)
280
320
40
2
350
70
380
100
4
420
140
470
190
530
250
True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost.
True
False
AMAAAA
AAAAAA

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