Based on the prize of the pizza and the profit maximizing level, the profit at this point would be $550.
What would be the profit?
First find the profit maximizing point which is:
Price = Marginal cost
At a price and marginal cost of $2.50, the quantity sold is 550 slices.
The profit is therefore:
= (price x quantity) - Average cost x Quantity
= (2.50 x 550) - (1.50 x 550)
= $550
Find out more on marginal cost at https://brainly.com/question/13445328.
