Question: Total Hourly The table at right represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the


Total Hourly The table at right represents the hourly output and cost structure for a local pizza shop. The market is perfectly competitive, and the market price of a Output Total Total Total and Sales of Hourly Revenue Economic pizza in the area is $8. Total costs include all implicit opportunity costs. Pizzas Cost (S) ($ Profit ($) Calculate the total revenue and total economic profit for this pizza shop at each rate of output and fill in the blanks in the table. U 3 AWN- 10 12 16 10
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