the table below represents the hourly output and cost structure for a local pizza shop. the market is perfectly competitive, and the market price of a pizza in the area is $10. total costs include all implicit opportunity costs. calculate the pizza shop's marginal cost and marginal revenue at each rate of output and fill in the values in the table.
total hourly output
and sales of pizzas
total hourly
cost ($)
total revenue ($)
total economic profit ($)
marginal cost ($)
marginal revenue ($)
0
3
0
0
minus
minus
1
7
10
3
nothing
nothing
2
9
20
11
nothing
nothing
3
10
30
20
nothing
nothing
4
12
40
28
nothing
nothing
5
16
50
34
nothing
nothing
6
22
60
38
nothing
nothing
7
30
70
40
nothing
nothing
8
40
80
40
nothing
nothing
9
52
90
38
nothing
nothing
10
68
100
32
nothing
nothing