Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F40a35a5e-a763-4d00-a688-7b5a27154f74%2F4f79a3d6-1e29-4b7c-a86f-5583148ed105%2F117qkm_processed.jpeg&w=3840&q=75)
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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