Micro Econ

Homework: ASSESS Chapter 23 Homework Score: 0 of 1 pt 5 of 20 (4 complete) HW Score: 13.24%, 2.65 of Text Problem 23-4c Question Help The table below represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of a pizza in the area is $12 Total costs include all implicit opportunity costs Calculate the pizza shop's marginal cost and marginal revenue at each rate of output and fill in the values in the table Total Hourly Output Total Hourly Total Total Economic Marginal Marginal and Sales of Pizzas Cost ($) Revenue ($) Profit ($) Cost ($) Revenue ($) 0 12 A 10 24 14 11 36 25 13 48 35 60 43 23 72 49 31 84 53 41 96 55 53 108 55 Enter your answer in the edit fields and then click Check