The figure above shows the market supply curve for pizzas. a) What is the marginal social 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 for the 20th
pizza? d) If the price is $6 per pizza, what is the total producer surplus? e) If the price is $8 per pizza, what is the total producer surplus? f) If the price is $10 per pizza, what is the total producer surplus?
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 for the 20th pizza is zero.
d) If the price is $6 per pizza, the total producer surplus is $20.
e) If the price is $8 per pizza, the total producer surplus is $80.
f) If the price is $10 per pizza, the total producer surplus is $180.
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