Let's carefully analyze the given data from the chart to answer each question step-by-step.
1. The marginal cost to produce the first pie is:
The table directly gives the marginal cost to produce the first pie as [tex]$1.00. So, this value is \(\$[/tex]1.00\).
2. The marginal cost for producing the fourth pie is:
Similarly, the table shows the marginal cost for producing the fourth pie as \[tex]$0.50. So, this value is \(\$[/tex]0.50\).
3. The difference in marginal cost between the production of the second pie and the seventh pie is:
From the table:
- The marginal cost to produce the second pie is [tex]$0.50.
- The marginal cost to produce the seventh pie is $[/tex]2.75.
We need to find the difference between these two marginal costs. Subtract the marginal cost of the second pie from the marginal cost of the seventh pie:
[tex]\[
\$2.75 - \$0.50 = \$2.25
\][/tex]
So, the values to fill in the blanks are:
- The marginal cost to produce the first pie is [tex]\(\$1.00\)[/tex].
- The marginal cost for producing the fourth pie is [tex]\(\$0.50\)[/tex].
- The difference in marginal cost between the production of the second pie and the seventh pie is [tex]\(\$2.25\)[/tex].
