Consider the following cost information for a pizzeria: a. What is the pizzerias fixed cost? b. Construct
Question:
a. What is the pizzerias fixed cost?
b. Construct a table in which you calculate the marginal cost per dozen pizzas using the information on total cost. Also, calculate the marginal cost per dozen pizzas using the information on variable cost. What is the relationship between these sets of numbers?Comment.
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Quantity 0 dozen pizzas Total Cost Variable Cost 2 $300 350 390 420 450 490 540 50 90 120 150 190 240
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a The fixed cost is 300 because fixed cost equals total cost minus varia...View the full answer
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