Exhibit 7-11 Short-run cost schedule for pizzeria's hourly production
TotalProduct
TotalCost
0 pizzas
$ 20
10
70
20
100
30
150
40
250
In Exhibit 7-11, the pizzeria's fixed cost is equal to:
A. $20.
B. $30.
C. $50.
D. $70.
Answer: A
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