-The Figure Above Shows the Supply Curve for Pizzas

question 199

Essay

-The figure above shows the supply curve for pizzas.
a.What is the marginal cost of the 20th pizza?
b.What is the minimum supply price of the 20th pizza?
c.If the price is $6 per pizza,what is the producer surplus on the 20th pizza?
d.If the price is $6 per pizza,what is the producer surplus for the total quantity of pizzas produced?
e.If the price is $8 per pizza,what is the producer surplus for the total quantity of pizzas produced?
f.If the price is $10 per pizza,what is the producer surplus for the total quantity of pizzas produced?

---

Definitions:

Petty Cash Fund

A modest sum of money maintained for covering small or unforeseen costs.

Journal Entries

Recorded transactions in the accounting records of a business that demonstrate the financial activities and their impacts.

Postage

The cost associated with sending letters and parcels through the postal system, typically paid by purchasing stamps or printed labels.

Entertainment

Activities or performances designed for the enjoyment, amusement, or relaxation of an audience, such as movies, music, or sports.