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Suppose a pizza parlor has the following production costs: $5.00 in labor per pizza, $1.00 in ingredients per pizza, $0.10 in electricity per pizza, $3,000
Suppose a pizza parlor has the following production costs: $5.00 in labor per pizza, $1.00 in ingredients per pizza, $0.10 in electricity per pizza, $3,000 in restaurant rent per month, and $450 in insurance per month. Assume the pizza parlor produces 2,000 pizzas per month. What is the variable cost of production (per month)? The variable cost of production is $ . (Enter your response as an integer.) What is the fixed cost of production (per month)? The fixed cost of production is $ . (Enter your response as an integer.)
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