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 Using Variable Cost (Dozens of pizzas) (Dollars) (Dollars) (Dollars) (Dollars) 280 1 320 40 350 70 3 380 100 4 420 140 470 190 6. 530 250 True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost. True False

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 Using Variable Cost (Dozens of pizzas) (Dollars) (Dollars) (Dollars) (Dollars) 280 1 320 40 350 70 3 380 100 4 420 140 470 190 6. 530 250 True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost. True False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Firm’s Costs 2

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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
Using Variable Cost
(Dozens of pizzas)
(Dollars)
(Dollars)
(Dollars)
(Dollars)
280
320
40
2
350
70
3
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.
O True
O False
AMAAAA

Consider the following cost information for a pizzeria:
Quantity
Total Cost Variable Cost
(Dozens of pizzas)
(Dollars)
(Dollars)
280
1
320
40
350
70
3
380
100
4
420
140
5
470
190
6
530
250
The pizzeria's fixed cost is S

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