Use the following to answer questions: 
-(Table: TC's Pizza Parlor) Look at the table TC's Pizza Parlor. Assume that the marginal benefit is constant in intervals of production. Suppose five slices of pizza are being produced. What is the marginal benefit of producing one more slice of pizza?
Definitions:
Spare Parts
Components kept on hand for the purpose of replacing failed or worn-out parts in order to maintain the functioning of machinery or equipment.
Equivalent Annual Cost
A financial analysis tool used to compare the cost-effectiveness of two or more investment projects with differing lifespans by calculating the annual cost of each project over its life.
Rate of Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.
Equivalent Annual Cost
A financial analysis tool used to compare the cost effectiveness of two or more alternatives with different lifespans expressed on an annual basis.
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