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Principles of Economics | 6th Edition | ISBN: 9780538453059 | Authors: N. Gregory Mankiw
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Consider the following cost information for a pizzeria: Quantity Total Cost Variable

Chapter 13, Problem Problems and Applications 13.6

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QUESTION:

Consider the following cost information for a pizzeria:

a. What is the pizzeria's fixed cost?

b. Construct a table in which you calculate the marginal cost per dozen pizzas using the information on total cost. Also calculate the marginal cost per dozen pizzas using the information on variable cost. What is the relationship between these sets of numbers? Comment.

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QUESTION:

Consider the following cost information for a pizzeria:

a. What is the pizzeria's fixed cost?

b. Construct a table in which you calculate the marginal cost per dozen pizzas using the information on total cost. Also calculate the marginal cost per dozen pizzas using the information on variable cost. What is the relationship between these sets of numbers? Comment.

ANSWER:

Step 1 of 3

Given data:

Consider the following cost information for a pizzeria:

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