The table below shows the supply schedules for Fred's Pizza and Johnny's Pizza, the only sellers of pizza in the market.
-Using the table, Johnny's marginal cost of the 600th slice of pizza is

Question

The table below shows the supply schedules for Fred's Pizza and Johnny's Pizza, the only sellers of pizza in the market. 
-Using the table, Johnny's marginal cost of the 600th slice of pizza is

Quizplus · Accepted Answer

The marginal cost is the additional cost of producing one more unit. If the table shows that the cost of producing the 599th slice is $X and the cost of producing the 600th slice is $X + $3.50, then the marginal cost of the 600th slice is $3.50.

The Table Below Shows the Supply Schedules for Fred's Pizza