The Table Below Shows the Supply Schedules for Fred's Pizza

question 360

Multiple Choice

The table below shows the supply schedules for Fred's Pizza and Johnny's Pizza, the only sellers of pizza in the market.

-Using the table, Johnny's marginal cost of the 600th slice of pizza is

• A) $3.50.
• B) $12.50.
• C) zero.
• D) $1.50.

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Definitions:

Dividend Payout Ratio

The proportion of earnings paid out as dividends to shareholders, expressed as a percentage of the company’s total earnings.

Cash Dividend

Cash payments made by a company to its shareholders, usually as a distribution of profits.

Extra Dividend

A one-time payment made by a company to its shareholders, in addition to regular dividends, usually indicative of exceptional earnings.

Special Dividend

A one-time distribution of profits by a company to its shareholders, in addition to any regular dividends.