Quantity (pizzas per hour) Total cost, TC (dollars per hour) 18 30 48 1 2 3 12) Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. The price of a pizza is $12 and the variable cost of the first pizza is $8. If Giuseppe shut down, in the short run its economic loss is per hour. A) $0 B) $4 C) $10 D) $12 E) More information is needed to answer the question.
Quantity (pizzas per hour) Total cost, TC (dollars per hour) 18 30 48 1 2 3 12) Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. The price of a pizza is $12 and the variable cost of the first pizza is $8. If Giuseppe shut down, in the short run its economic loss is per hour. A) $0 B) $4 C) $10 D) $12 E) More information is needed to answer the question.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter8: Perefect Competition
Section: Chapter Questions
Problem 10SQP
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