The average variable and average xed costs for Foothill Pizza Place are listed in the table below. Use the information provided to answer the next
The average variable and average xed costs for Foothill Pizza Place are listed in the table below. Use the information provided to answer the next three questions. Foothill Pizza Place Costs Average Variable Cost Output Average Fixed Cost 100.00 80.00 66.67 65.00 68.00 Use the table above to answer the next three questions: 1. What is Foothill's Pizza Place's total xed cost? 2. If Foothill Pizza Place produces four units, what is its average total cost? 3. What is the marginal cost to Foothill Pizza Place if it decides to increase production from 4 to 5 units
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