Quantity Total Cost Variable Cost (Dozens of pizzas) (Dollars) (Dollars) 280 1 320 40 2 350 70 380 100 4 420 140 470 190 6. 530 250 The pizzeria's fixed cost is $280 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 1 320 40 2 350 70 380 100 4 420 140 5 470 190 6 530 250 True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost. True False

Quantity Total Cost Variable Cost (Dozens of pizzas) (Dollars) (Dollars) 280 1 320 40 2 350 70 380 100 4 420 140 470 190 6. 530 250 The pizzeria's fixed cost is $280 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 1 320 40 2 350 70 380 100 4 420 140 5 470 190 6 530 250 True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost. True False

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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Similar questions

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