The marginal benefit of a slice of pizza is the:

total amount that a consumer is willing to pay for a whole pizza, divided by the number of slices
difference between the value of the slice to the consumer and the price of the slice.
maximum amount that a consumer is willing to pay for the slice.
price of the slice of pizza

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)