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46. Consider the following cost information for a pizzeria: Q (dozens) Total Cost Variable Cost $300 350 50 390 90 420 120 450 150 490

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46. Consider the following cost information for a pizzeria: Q (dozens) Total Cost Variable Cost $300 350 50 390 90 420 120 450 150 490 190 540 240 a. What is the pizzeria's fixed cost? (2 marks) b. Construct a table in which you calculate the marginal cost per dozen pizzas using the information on total cost. (6 marks) Total Variable Marginal Cost Quantity Cost Cost $300 $0 350 50 390 90 3 420 120 450 150 5 490 6 540 240 47. What are the main characteristics of a competitive firm

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