(Answered) The local pizza restaurant is advertising a special if you

Management Studies

The local pizza restaurant is advertising a special. If you buy one individual sized pizza, you get the next one at 25% off, the third one for 50% off and the fourth one for 75% off. Your marginal benefit from eating pizza is shown in the table below:

# Pizzas	Marginal Benefit (MB)	Marginal Cost (MC)
0	0
1	7	6
2	4	4.5
3	2	3
4	1	1.5

(i) If the price of a pizza is $6 how many should you buy?

(ii) Provide an example to justify your choice.

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Business Management, Management Studies

Category:- Business Management
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