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. Variable Cost Quantity (Dozens of pizzas) (Dollars) 0 300 350 390 420 450 490 540 1 2 3 Total Cost Marginal Cost Using Total Cost (Dollars) 4 5 6 AAAAAA ▬▬▬▬▬▬ (Dollars) 0 50 90 120 150 190 240 Marginal Cost Using Variable Cost (Dollars) ▬▬▬▬▬▬ True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost.
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. Variable Cost Quantity (Dozens of pizzas) (Dollars) 0 300 350 390 420 450 490 540 1 2 3 Total Cost Marginal Cost Using Total Cost (Dollars) 4 5 6 AAAAAA ▬▬▬▬▬▬ (Dollars) 0 50 90 120 150 190 240 Marginal Cost Using Variable Cost (Dollars) ▬▬▬▬▬▬ True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section: Chapter Questions
Problem 3CQQ
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Transcribed Image Text:6. Firm's Costs 2
Consider the following cost information for a pizzeria:
Quantity
(Dozens of pizzas)
0
1
2
3
KOM
5
4.)
6
The pizzeria's fixed cost is
Total Cost Variable Cost
(Dollars)
(Dollars)
300
0
350
390
420
450
490
540
O Search
50
90
120
150
190
240
(
A
Transcribed Image Text: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.
BILING
Quantity
(Dozens of pizzas)
1
2
3
4
5
6
O True
Total Cost
O False
(Dollars)
300
350
390
420
450
490
540
Marginal Cost
Using Total Cost
(Dollars)
O Search
Variable Cost
(Dollars)
True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost.
0
50
90
120
150
190
240
Marginal Cost
Using Variable Cost
(Dollars)
P
CO
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