Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section12.4: Costs In The Short Run And In The Long Run
Problem 4QQ
Related questions
Question
Suppose a pizza parlor has the following productions cost $4.00 in labor per pizza $2.00 in ingredients per pizza $0.20 in electircty per pizza $4,500 in restaurant rent per month and $200 in insurance per month.
Assume the pizza parlor produces 6,000 pizza per month
What is the variable cost of production ( per month)
The variable cost of production is $
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