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

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

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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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