Asked by
Carsyn Smittle
on Oct 25, 2024
Verified
(Table: TC's Pizza Parlor) Use Table: TC's Pizza Parlor.Assume that the marginal benefit is constant in intervals of production.Suppose five slices of pizza are being produced.What is the marginal benefit of producing one more slice of pizza?
A) $3
B) $2
C) $15
D) $55
Marginal Benefit
The heightened satisfaction or utility one gets from acquiring one more unit of a product or service.
Producing
The process of creating, manufacturing, or bringing forth goods and services for consumption or use.
Pizza
A popular dish of Italian origin consisting of a flat, round base of dough baked with a topping of tomato sauce and cheese, often with added meat, fish, or vegetables.
- Analyze economic information presented in tables to ascertain the levels of cost and production.
- Apply the concept of marginal analysis to real-world scenarios in production.
Verified Answer
TB
Learning Objectives
- Analyze economic information presented in tables to ascertain the levels of cost and production.
- Apply the concept of marginal analysis to real-world scenarios in production.