The table below represents the hourly output and cost structure for a local pizza shop. The...

 

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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 $10. Total costs include all implicit opportunity costs. Calculate the pizza shop's marginal cost and marginal revenue at each rate of output and fill in the values in the table. Total Hourly Output Total Hourly Total Marginal Total Economic Marginal Profit ($) Cost ($) and Sales of Pizzas Cost ($) Revenue ($) Revenue ($) 0 2 0 0 1 6 10 4 2 8 20 12 3 9 30 21 TIM 4 11 40 29 5 15 50 35 6 21 60 39 7 29 70 41 8 39 80 41 9 51 90 39 10 67 100 33 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 $10. Total costs include all implicit opportunity costs. Calculate the pizza shop's marginal cost and marginal revenue at each rate of output and fill in the values in the table. Total Hourly Output Total Hourly Total Marginal Total Economic Marginal Profit ($) Cost ($) and Sales of Pizzas Cost ($) Revenue ($) Revenue ($) 0 2 0 0 1 6 10 4 2 8 20 12 3 9 30 21 TIM 4 11 40 29 5 15 50 35 6 21 60 39 7 29 70 41 8 39 80 41 9 51 90 39 10 67 100 33

Answer rating: 100% (QA)

Marginal cost 4212468101216 as marginal cost Change in cost ... View the full answer