Tony's Pizza's production function is shown in the table above. Tony currently operates Output. He hires workers at a wage rate of $50 a day and his total fixed cost is $100.

Labor

(workers)

Output

(pizzas per day)

TVC

(dollars per day)

TC

(dollars per day)

MC

(dollars per day)

AFC

(dollars per day)

AVC

(dollars per day)

ATC

(dollars per day)

0

0

1

8

2

18