Question

Use the information shown in the chart and the drop-down menus to answer these questions. The marginal cost to produce the first pie is. The marginal cost for producing the fourth pie is. The difference in marginal cost between the production of the second pie and the seventh pie is.

Answer 1

From the information given, it can be deduced that the marginal cost to produce the first pie will be $1.00

It should be noted that the marginal cost of production simply means the change in total production cost which is a result of the production of one additional unit.

The marginal cost for producing the fourth pie is $0.50 . The difference in the marginal cost between the production of the second pie and the seventh pie is $2.25.

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Answer 2

Answer:

From the information given, it can be deduced that the marginal cost to produce the first pie will be $1.00

It should be noted that the marginal cost of production simply means the change in total production cost which is a result of the production of one additional unit.

The marginal cost for producing the fourth pie is $0.50 . The difference in the marginal cost between the production of the second pie and the seventh pie is $2.25.

Explanation: