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(Quantity) Variable Total Average Average Marginal Total Marginal Pizzas Cost Cost Total Variable Cost Revenue revenue Cost Cost 0 40 48 N 17 W 27

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(Quantity) Variable Total Average Average Marginal Total Marginal Pizzas Cost Cost Total Variable Cost Revenue revenue Cost Cost 0 40 48 N 17 W 27 4 78 50 6 64 7 80 (a). Complete the above table. (Assume that it is a perfect competition and the price of Pizzas is $10). (7 Marks) (b). What is the fixed cost faced by the firm? (1 mark) (c). If the firm operates under the perfect competition and the market price is 10, what is the profit maximization ou

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