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 (Dozens of pizzas) 0 1 2 3 4 5 6 Total Cost O True O False (Dollars) 300 350 390 420 450 490 540 Marginal Cost Using Total Cost (Dollars) Variable Cost (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.

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 (Dozens of pizzas) 0 1 2 3 4 5 6 Total Cost O True O False (Dollars) 300 350 390 420 450 490 540 Marginal Cost Using Total Cost (Dollars) Variable Cost (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.

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

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
(Dozens of pizzas)
0
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)
Variable Cost
(Dollars)
0
50
90
120
150
190
240
True or False: It doesn't matter whether you oute marginal cost using total cost or variable cost.
Marginal Cost
Using Variable Cost
(Dollars)

Consider the following cost information for a pizzeria:
Quantity
(Dozens of pizzas)
0
1
2
3
4
5
6
The pizzeria's fixed cost is $
Total Cost Variable Cost
(Dollars)
(Dollars)
300
0
350
50
390
90
420
120
450
150
490
190
540
240

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