Prod X Premier Membership tU if a firm\'s use of labor b if a firm\'s use of lab

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Prod X Premier Membership tU if a firm's use of labor b if a firm's use of labor cture.com/courses/1138695/quizzes/1913851/take Question 5 0.83 pt Consider the following pizzeria. When the firm produces zero pizzas per hour its total variable cost (TVC) is $0 and its Total Cost (TC) is $20. When it produces 10 pizzas per hour its TVC is $50 and TC is $70. When it produces 20 pizzas per hour its TVC is $80 and its TC is $100. When it produces 30 pizzas per hour its TVC is $130 and its TC is $150. When it produces 40 pizzas per hour its TVC is $230 and its TC is $250. This restaurant's average variable costs (AVC) when they produce 20 pizzas per hour are O $4 per pizza O $2 per pizza O $3 per pizza S5 per pizza 0.83 pts Question 6

Explanation / Answer

AVC=TVC/Q

TVC=80 when output is 20

AVC=80/20

AVC=4

Thus,the AVC is $4 per pizza.

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