Question: An cost schedule for producing pizzas Fixed Variable Total Pizzas Cost ($) Cost ($) Cost ($) cost per pizza marginal costs 0 40 0 40

An cost schedule for producing pizzas

Fixed Variable Total
Pizzas Cost ($) Cost ($) Cost ($) cost per pizza marginal costs
0 40 0 40
1 40 8 48 48 8
2 40 17 57 28.5 9
3 40 27 67 22.33 10
4 40 38 78 19.5 11
5 40 50 90 18 12

If marginal revenue was $7, what would be the profit maximising output?

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