Suppose you have a pizza shop. Your rent is $800 and you've spent $1950 on labor and materials to make 550 pizzas in one month. What are your total FIXED costs? O $800 O $1950 $2750 Cannot be determined

Suppose you have a pizza shop. Your rent is $800 and you've spent $1950 on labor and materials to make 550 pizzas in one month. What are your total FIXED costs? O $800 O $1950 $2750 Cannot be determined

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 38CTQ: Do you think that the taxicab industry in large cities would be subject to significant economies of...

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Question

Suppose you have a pizza shop.
Your rent is $800 and you've spent $1950 on labor and materials to make
550 pizzas in one month.
What are your total FIXED costs?
O $800
O $1950
O $2750
Cannot be determined

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