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6. Firm's Costs 2 Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of pizzas) (Dollars) (Dollars) 0 320 0 1 380 60 2 430 110 3 460 140 4 500 180 5 550 230 6 620 300 The pizzeria's fixed cost is 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 (Dozens of pizzas) (Dollars) (Dollars) о 320 (Dollars) 0 Using Variable Cost (Dollars) 1 380 2 430 3 460 500 550 AAAAAA 60 110 140 620 180 230 300 True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost. Ⓒ True False

6. Firm's Costs 2 Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of pizzas) (Dollars) (Dollars) 0 320 0 1 380 60 2 430 110 3 460 140 4 500 180 5 550 230 6 620 300 The pizzeria's fixed cost is 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 (Dozens of pizzas) (Dollars) (Dollars) о 320 (Dollars) 0 Using Variable Cost (Dollars) 1 380 2 430 3 460 500 550 AAAAAA 60 110 140 620 180 230 300 True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost. Ⓒ True False

Principles of Microeconomics
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: The Cost Of Production
Section: Chapter Questions
Problem 6PA
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6. Firm's Costs 2 Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of pizzas) (Dollars) (Dollars) 0 320 0 1 380 60 2 430 110 3 460 140 4 500 180 5 550 230 6 620 300 The pizzeria's fixed cost is 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 (Dozens of pizzas) (Dollars) (Dollars) о 320 (Dollars) 0 Using Variable Cost (Dollars) 1 380 2 430 3 460 500 550 AAAAAA 60 110 140 620 180 230 300 True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost. Ⓒ True False
Transcribed Image Text:6. Firm's Costs 2 Consider the following cost information for a pizzeria: Quantity Total Cost Variable Cost (Dozens of pizzas) (Dollars) (Dollars) 0 320 0 1 380 60 2 430 110 3 460 140 4 500 180 5 550 230 6 620 300 The pizzeria's fixed cost is 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 (Dozens of pizzas) (Dollars) (Dollars) о 320 (Dollars) 0 Using Variable Cost (Dollars) 1 380 2 430 3 460 500 550 AAAAAA 60 110 140 620 180 230 300 True or False: It doesn't matter whether you compute marginal cost using total cost or variable cost. Ⓒ True False
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