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Exhibit 7-11 Short-run cost schedule for pizzeria's hourly production Total Product Total Cost 0 pizzas $20 10 70 20 100 30 150 40 250 In

Exhibit 7-11 Short-run cost schedule for pizzeria's hourly production

Total Product

Total Cost

0 pizzas

$20

10

70

20

100

30

150

40

250

In Exhibit 7-11, the marginal cost curve crosses the average total cost curve at

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