If a local pizzeria charges $2.50 per slice or $8.00 for a small pizza equal in size to four slices, what would be the marginal cost of a 4^th slice of pizza?

Question

Quizplus · Accepted Answer

The marginal cost of the 4th slice is the additional cost of buying one more slice when you already have three. Buying four slices individually costs $10.00 (4 x $2.50), while a small pizza costs $8.00. The marginal cost of the 4th slice when buying a small pizza instead of four individual slices is $8.00 - $7.50 = $0.50.

If a Local Pizzeria Charges $2