Short Run Profit Maximization In order to earn money for college expenses, you decide to open a pizza joint called PizzaDeals. Total cost information for your single product, large extra-cheese pizzas, is provided in this table. The market for pizza in your town is extremely competitive, and the market price of large extra- cheese pizzas is $7. Complete the table, and answer the following questions. ATC AFC MC MR AVC XXX XXX XXX XXX XXX Output 0 1 2 3 4 5 6 7 8 9 TC $10 14 17 19 22 26 31 37 44 52 1. What is the amount of total fixed costs? 2. What is the marginal revenue from the fourth pizza? 3. What is AFC if you produce five pizzas? 4. What is AVC if you produce six pizzas? 5. If you make 8 pizzas, what does each one cost you to produce on average? 6. What is the marginal cost of producing the seventh pizza? 7. Assuming that you want to maximize profit, how many pizzas should you make? 8. What is the amount of economic profit (or loss) per pizza that you experience if you produce at the profit-maximizing level