Question
The table lists the short-run costs for One Guy's Pizza. If One Guy's can sell all the output they produce for $11.80 per unit, how
The table lists the short-run costs for One Guy's Pizza. If One Guy's can sell all the output they produce for $11.80 per unit, how much should One Guy's produce to maximise profits? Does One Guy's Pizza earn an economic profit in the short-run? Will this profit be greater or less than Guy's accounting profit? Will he remain in the market?
| Q | TFC | TVC | ATC | AVC | MC | PROFITS |
| 58 | 100 | 336.4 | ||||
| 59 | 100 | 348.1 | ||||
| 60 | 100 | 360 | ||||
| 61 | 100 | 372.1 |
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
11th Edition
0072834943, 9780072834949
