Answer :
Certainly! Let's go through the questions one by one based on the information given in the provided table.
### 1. The marginal cost to produce the first pie
From the table, we can see that:
- When producing 1 pie, the total cost is \$1.00.
- The marginal cost for producing the first pie is noted to be \$1.00.
Therefore, the answer is:
- The marginal cost to produce the first pie is \$1.00.
### 2. The marginal cost for producing the fourth pie
From the table, we can see that:
- When producing 4 pies, the total cost is \$2.25.
- The marginal cost for producing the fourth pie is noted to be \$0.50.
Therefore, the answer is:
- The marginal cost for producing the fourth pie is \$0.50.
### 3. The difference in marginal cost between the production of the second pie and the seventh pie
From the table, we can see that:
- When producing 2 pies, the marginal cost is \$0.50.
- When producing 7 pies, the marginal cost is \$2.75.
The difference in marginal cost between producing the second pie and the seventh pie can be calculated as:
[tex]\[ \text{Difference} = \[tex]$2.75 - \$[/tex]0.50 = \$2.25
\][/tex]
Therefore, the answer is:
- The difference in marginal cost between the production of the second pie and the seventh pie is \$2.25.
So, the final responses should be filled in as follows:
1. \$1.00
2. \$0.50
3. \$2.25 ✅
### 1. The marginal cost to produce the first pie
From the table, we can see that:
- When producing 1 pie, the total cost is \$1.00.
- The marginal cost for producing the first pie is noted to be \$1.00.
Therefore, the answer is:
- The marginal cost to produce the first pie is \$1.00.
### 2. The marginal cost for producing the fourth pie
From the table, we can see that:
- When producing 4 pies, the total cost is \$2.25.
- The marginal cost for producing the fourth pie is noted to be \$0.50.
Therefore, the answer is:
- The marginal cost for producing the fourth pie is \$0.50.
### 3. The difference in marginal cost between the production of the second pie and the seventh pie
From the table, we can see that:
- When producing 2 pies, the marginal cost is \$0.50.
- When producing 7 pies, the marginal cost is \$2.75.
The difference in marginal cost between producing the second pie and the seventh pie can be calculated as:
[tex]\[ \text{Difference} = \[tex]$2.75 - \$[/tex]0.50 = \$2.25
\][/tex]
Therefore, the answer is:
- The difference in marginal cost between the production of the second pie and the seventh pie is \$2.25.
So, the final responses should be filled in as follows:
1. \$1.00
2. \$0.50
3. \$2.25 ✅
