-In the above figure,what is the marginal cost of the 8th pizza?
A) $1.50
B) $12
C) $6
D) $96
E) 8 pizzas

Question

-In the above figure,what is the marginal cost of the 8th pizza?
A) $1.50 
B) $12 
C) $6 
D) $96 
E) 8 pizzas

Quizplus · Accepted Answer

Marginal cost refers to the cost of producing one additional unit of a good. In this context, the marginal cost of the 8th pizza would be the difference in total cost between producing 8 pizzas and 7 pizzas. Given that the correct answer is $12, it implies that producing the 8th pizza costs $12 more than producing 7 pizzas.

-In the Above Figure,what Is the Marginal Cost of the 8th