Question: The table below represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of

The table below represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of a pizza in the area is $8. Total costs include all implicit opportunity costs. Calculate the pizza shop's marginal cost and marginal revenue at each rate of output and fill in the values in the table. Fill in the blanks.

The table below represents the hourly output and cost structure for a

The table below represents the houriy' output and cost etrmture for a local pizza shop. The market is perfectly competitive. and the market price of a pizza in the area is $8. Total costs include all implicit opportunity costs. Calculate the pizza shop's marginal cost and marginal revenue at each rate of output and ll in the values in the table. Total Hourly Output Total Hourly Total Total Eoenomlo Marginal Marginal and Sales of Pines Cost {$1 Revenue {$1 Prot {$1 Cost [$1 Revenue {$1 a 4 o n _ 1 3 8- D 2 1D 16 E 3 11 24 13 4 13 32 19 5 1? 4D 23 s 23 4a 25 = = 7 31 55 25 = = a 41 54 23 = = a 53 72 19 _ _ 10 69 ED 11

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