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a. The payment she makes on her fire insurance policy b. The payment she makes to buy pizza dough c. The wages she pays her workers d. The lease payment she makes to the landlord who owns the building where her store is locat

a. The payment she makes on her fire insurance policy b. The payment she makes to buy pizza dough c. The wages she pays her workers d. The lease payment she makes to the landlord who owns the building where her store is locat

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section: Chapter Questions
Problem 3CQQ
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**2.8 [Related to the Apply the Concept: “Fixed Costs in the Publishing Industry”] For Jill Johnson’s pizza restaurant, explain whether each of the following is a fixed cost or a variable cost.** a. The payment she makes on her fire insurance policy b. The payment she makes to buy pizza dough c. The wages she pays her workers d. The lease payment she makes to the landlord who owns the building where her store is located e. The $300-per-month payment she makes to her local newspaper for running her weekly advertisements
Transcribed Image Text:**2.8 [Related to the Apply the Concept: “Fixed Costs in the Publishing Industry”] For Jill Johnson’s pizza restaurant, explain whether each of the following is a fixed cost or a variable cost.** a. The payment she makes on her fire insurance policy b. The payment she makes to buy pizza dough c. The wages she pays her workers d. The lease payment she makes to the landlord who owns the building where her store is located e. The $300-per-month payment she makes to her local newspaper for running her weekly advertisements
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