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-Silvio's Pizza Is a Small Pizzeria

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  -Silvio's Pizza is a small pizzeria. The firm's production function is shown in the table above. Suppose that Silvio's costs include only the cost of renting ovens, which is $100 per oven per week, the labor cost, $280 per worker per week, and the opportunity cost of Silvio's entrepreneurship, $1,000 per week. Suppose Silvio's uses Plant 2. What is the marginal cost of producing the 200th pizza? A)  $5.09 B)  $7.00 C)  $10.55 D)  $4.40
-Silvio's Pizza is a small pizzeria. The firm's production function is shown in the table above. Suppose that Silvio's costs include only the cost of renting ovens, which is $100 per oven per week, the labor cost, $280 per worker per week, and the opportunity cost of Silvio's entrepreneurship, $1,000 per week. Suppose Silvio's uses Plant 2. What is the marginal cost of producing the 200th pizza?


Definitions:

Convenience Sampling

A non-probability sampling method where subjects are selected because of their convenient accessibility and proximity to the researcher.

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The department within an organization that is focused on activities relating to employees, including hiring, training, compensation, benefits, and workplace culture.

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A sample which consists of individuals who choose themselves to participate, leading to potential bias.

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