The minimum price a producer is willing to accept for the fifth slice of pizza is ________.

Question

Quizplus · Accepted Answer

The minimum price a producer is willing to accept for an additional unit of output (in this case, the fifth slice of pizza) is its marginal cost because the producer must cover the cost of producing that unit in order to make a profit. Therefore, the correct answer is option D, which states that the minimum price a producer is willing to accept for the fifth slice of pizza is the producer's marginal cost of the fifth slice of pizza.

The Minimum Price a Producer Is Willing to Accept for the Fifth