Solved

Dave Is the Owner of Dave's Pizza Palace

Question 100

Multiple Choice

Dave is the owner of Dave's Pizza Palace.Dave is a profit-maximizing owner whose firm operates in a competitive market.An additional worker costs Dave $200 and has a marginal productivity of 40 pizzas.Assuming no other variable costs,what is the marginal cost of a pizza?


A) $200
B) $8
C) $5
D) There is insufficient information available to answer this question.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q73: A competitive firm will hire workers up

Q95: A competitive firm sells its output for

Q98: Suppose the following events occur in the

Q99: Figure 18-2.The figure shows a particular firm's

Q101: Figure 18-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4796/.jpg" alt="Figure 18-6

Q103: Figure 18-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4796/.jpg" alt="Figure 18-7

Q104: Labor-augmenting technology causes which of the following?<br><img

Q105: Table 18-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4796/.jpg" alt="Table 18-3

Q143: A change in the supply of any

Q189: Using the theory of wage determination, explain