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

question 322

Multiple Choice

-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

---

Definitions:

Marxian

Related to the theories and writings of Karl Marx, especially with respect to his analysis of society, politics, and economics.

Capitalist Economy

An economic system where trade, industries, and the means of production are largely or entirely owned and operated by private individuals or businesses aiming for profit.

Diametrically Opposed

Completely opposite or contradictory; indicating two things that are as different from each other as possible.

Conflict Theory

A theoretical framework in sociology that emphasizes the role of power differentials and social conflicts in contributing to social inequality and change.