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Use the table below to answer the following questions. Table 12.2.2 Output Total Cost (pizzas per hour) (dollars per hour) 0 10 12 16 22
Use the table below to answer the following questions. Table 12.2.2 Output Total Cost (pizzas per hour) (dollars per hour) 0 10 12 16 22 30 40 55 25) Refer to Table 12.2.2, which gives the total cost schedule for Chip's Pizza Palace, a perfectly competitive firm. If the price of a pizza is $7, what is Chip's profit-maximizing output per hour? 25) zero pizzas 1 pizza C) 2 pizzas D) 3 pizzas E) 4 pizzas
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