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how to calculate profit maximizing and profit For the pizza seller whose marginal, average variable, and average total cost curves are shown in the graph

how to calculate profit maximizing and profit

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For the pizza seller whose marginal, average variable, and average total cost curves are shown in the graph below, what is the profit-maximizing level of output and how much profit will this producer earn if the price of pizza is $1.00 per slice? (4 Marks) Cost Curves 3.50 3.25 3 MC ATC 2.75 AVO 2 50 N NNNNFF 2.00 Price (S/slice) 1.50 1.25 1 00 075 0 50 0 25 100 200 300 400 500 600 30 800 900 Quantity (slices/day)

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