Table 2 complete by calculating the missing values for the marginal cost Jim incurs when producing the last of each of the numbers of pizzas in the table. and Explain how you arrived at your figures.

Using the data in the completed Table 2 and the module materials, find the number of pizzas Jim will supply if:

• a.the market price is 11
• b.the market price is 19
• c.the market price is 27.

The points you calculated in your answer to Question 4 are part of Jim's supply curve for pizzas. Plot these three points and briefly describe what they suggest about the relationship between Jim's supply and the market price.

Table 2: Producer Jim's costs of producing pizzas Number of pizzas Total cost () Marginal cost () 11 70 _ 12 80 10 13 93 13 14 109 16 15 129 20 16 152 17 179 18 210