Use the following to answer questions:
-(Table: TC's Pizza Parlor) Look at the 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 questions: 
-(Table: TC's Pizza Parlor) Look at the 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 is the difference in total benefit between producing 5 slices and producing 6 slices. From the table, we can see that the total benefit of producing 5 slices is $50 and the total benefit of producing 6 slices is $53. Therefore, the marginal benefit of producing one more slice of pizza is $53 - $50 = $3.

Use the Following to Answer Questions