11. Suppose that the ingredients required to bring a slice of pizza to market and their respective...

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11. Suppose that the ingredients required to bring a slice of pizza to market and their respective costs are as listed in the table: Paper plate 2 cents Flour 8 cents Tomato sauce 20 cents Cheese 30 cents Labor (3 minutes @ $12/hour) 60 cents If these proportions remain the same no matter how many slices are made, and the inputs can be purchased in any quantities at the stated prices, draw the supply curve of pizza slices and compute its price elasticity. (LO5)

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