Use the following to answer question:
-(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?

Question

Use the following to answer question: 
-(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?

Quizplus · Accepted Answer

The marginal benefit of producing one more slice of pizza, given that five slices are already being produced, is the additional benefit received from producing the sixth slice. Since the marginal benefit is constant in intervals of production, we look at the benefit associated with producing the sixth slice directly, which is $3.

Use the Following to Answer Question