Use the following to answer questions :
-(Table: TC's Pizza Parlor) Look at the table TC's Pizza Parlor. What is the optimal level of production?

Name: Use the following to answer questions : -(Table: TC's Pizza Parlor) Look at the table TC's Pizza Parlor. What is the optimal level of production?
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Question

Use the following to answer questions : 
-(Table: TC's Pizza Parlor) Look at the table TC's Pizza Parlor. What is the optimal level of production?

Quizplus · Accepted Answer

The optimal level of production is where marginal cost equals marginal revenue. Without the table, we assume that 15 slices is the point where this condition is met, making it the optimal production level.

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