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2. Pizza Restaurant. Below are the costs for a pizza restaurant. The output is pizza (in units of pizza). It may be helpful for you
2. Pizza Restaurant. Below are the costs for a pizza restaurant. The output is pizza (in units of pizza). It may be helpful for you to complete the table before you answer questions 5-10. P = $20/pizza TFC=$10 $0 50 A B C D E F G H 1 Y (pizzas) TVC($) TC ATC AVC MC MR TR E 0 0 10 -- 0 2 -$10 1 3 18 28 28 18 18 20 20 20 20 -$8 20 15 12 20 45 45 15 11.6 5 20 20 20 2 4 30 40 40 5 6 3 3 35 +4 7 8 52 13 10.5 4 20 20 40 40 60 60 $15 80 80 $28 20 20 60 60 12 10 8 20 20 52 12 42 70 70 80 13.3 11.6 20 20 5 50 6 100 $50 120 $40 What is the breakeven price for this pizza restaurant (Hint: Remember that the breakeven point is found at the lowest point on the average total cost curve)? d. Breakeven price= What is the shutdown price for this pizza restaurant (Hint: Remember that the shutdown point is found at the lowest point on the average variable cost curve)? e. Shutdown price= .If the price of pizza is equal to $11/pizza, should the pizza restaurant shut down or stay open? If they stay open, how many pizzas should they produce
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