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?
a. The marginal cost of the 20th pizza is $6.
b. The minimum supply price of the 20th pizza is $6.
c. If the price is $6 per pizza, the producer surplus on the 20th pizza is zero.
d. If the price is $6 per pizza, the producer surplus is $20.
e. If the price is $8 per pizza, the producer surplus is $80.
f. If the price is $10 per pizza, the producer surplus is $180.
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