What are the firm's average total costs at an output of 10 pizzas? $12 O $100 $10 $120

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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A pizza business has the cost structure described below. The firm's fixed costs are $20 per day
Output (pizzas Total cost of
output (fixed +
variable)
$20
per day)
$80
$120
$150
$175
10
15
20
25
$195
30
$210
$230
$255
35
40
What are the firm's average total costs at an output of 10 pizzas?
$12
$100
$10
$120
Transcribed Image Text:A pizza business has the cost structure described below. The firm's fixed costs are $20 per day Output (pizzas Total cost of output (fixed + variable) $20 per day) $80 $120 $150 $175 10 15 20 25 $195 30 $210 $230 $255 35 40 What are the firm's average total costs at an output of 10 pizzas? $12 $100 $10 $120
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