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 15 slices is the optimal level based on typical economic principles.

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