Multiple Choice
-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
Correct Answer:

Verified
Correct Answer:
Verified
Q386: Marginal cost refers to the increase in
Q387: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The table above
Q388: Cost schedule<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt="Cost schedule
Q389: Decent Donuts<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt="Decent Donuts
Q390: When long-run average costs decrease as output
Q392: If the average total cost of producing
Q393: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The average total
Q394: The output at which average product is
Q395: What are diseconomies of scale and why
Q396: When the average product of labor is