6. Firm's Costs 2 Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of pizzas) (Dollars) (Dollars) 0 320 0 1 380 60 2 430 110 3 460 140 4 500 180 5 550 230 6 620 300 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 (Dozens of pizzas) (Dollars) (Dollars) о 320 (Dollars) 0 Using Variable Cost (Dollars) 1 380 2 430 3 460 500 550 AAAAAA 60 110 140 620 180 230 300 True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost. Ⓒ True False

6. Firm's Costs 2 Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of pizzas) (Dollars) (Dollars) 0 320 0 1 380 60 2 430 110 3 460 140 4 500 180 5 550 230 6 620 300 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 (Dozens of pizzas) (Dollars) (Dollars) о 320 (Dollars) 0 Using Variable Cost (Dollars) 1 380 2 430 3 460 500 550 AAAAAA 60 110 140 620 180 230 300 True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost. Ⓒ True False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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)
0
320
0
1
380
60
2
430
110
3
460
140
4
500
180
5
550
230
6
620
300
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
(Dozens of pizzas) (Dollars)
(Dollars)
о
320
(Dollars)
0
Using Variable Cost
(Dollars)
1
380
2
430
3
460
500
550
AAAAAA
60
110
140
620
180
230
300
True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost.
Ⓒ True
False

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