Answer to Question #60828 in Microeconomics for Myles

Question #60828

A pizza business has the cost structure described below. The firm’s fixed costs are $20 per day. Output (pizzas per day) Total cost of output (fixed + variable) 0 $20 5 $80 10 $120 15 $150 20 $175 25 $195 30 $210 35 $230 40 $255 What are the firm’s average total costs (ATC) at an output of 10 pizzas?

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Answer to Question #60828 in Microeconomics for Myles

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