Please help fill this in,not sure if I’m doing it right
Will mark brainliest!!

The point where marginal cost equals $15 is at the production of the 7th pizza. Therefore, the firm should produce 7 pizzas.

The firm's shut-down price is the price at which the firm is indifferent between producing and shutting down.

Using the table provided, we can calculate the missing values:

Variable Cost:

For 0 pizzas, the variable cost is $0.

For 1 pizza, the variable cost is $10.

For 2 pizzas, the variable cost is $12.

For 3 pizzas, the variable cost is $2.

For 4 pizzas, the variable cost is $1.

For 5 pizzas, the variable cost is $2.

For 6 pizzas, the variable cost is $3.

For 7 pizzas, the variable cost is $13.

For 8 pizzas, the variable cost is $16.

For 9 pizzas, the variable cost is $3.

For 10 pizzas, the variable cost is $6.

For 11 pizzas, the variable cost is $4.

Total Cost:

To calculate the total cost, we simply add the variable cost and the fixed cost for each level of output. The fixed cost is not given in the table, so we cannot calculate the total cost.

Average Variable Cost:

To calculate the average variable cost, we divide the variable cost by the level of output.

For example, the average variable cost for 1 pizza is $10/1 = $10.

Average Fixed Cost:

To calculate the average fixed cost, we divide the fixed cost by the level of output.

The fixed cost is not given in the table, so we cannot calculate the average fixed cost.

Average Total Cost:

To calculate the average total cost, we add the average variable cost and the average fixed cost.

The average fixed cost is not given in the table, so we cannot calculate the average total cost.

Marginal Cost:

To calculate the marginal cost, we find the difference in total cost between two consecutive levels of output, and divide by the difference in output.

For example, the marginal cost of producing the 3rd pizza is (Total Cost of 3 pizzas - Total Cost of 2 pizzas) / (3 - 2) = ($12 - $10) / 1 = $2.

Total Revenue:

The total revenue for each level of output is given as $15 times the level of output.

Marginal Revenue:

The marginal revenue for each level of output is $15.

Profit:

To calculate the profit, we subtract the total cost from the total revenue.

The fixed cost is not given in the table, so we cannot calculate the profit.

The firm should produce pizzas up to the point where marginal cost equals marginal revenue.

This is the point where the firm maximizes its profit. From the table, we can see that the marginal cost is increasing as output increases, while the marginal revenue remains constant at $15.

Learn more about variable cost at: https://brainly.com/question/26373444

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