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You own a pizza restaurant where your fixed inputs are two ovens, and the costs associated with these ovens are $800 for each oven. You
You own a pizza restaurant where your fixed inputs are two ovens, and the costs associated with these ovens are $800 for each oven. You hire workers to work in the kitchen, which means labor is your variable input, and the wage paid to each worker is $150. When you hire 4 workers your total pizzas (total output) is 220. What is your average total cost when you're producing Q = 220? Multiple Choice ATC = $12 ATC = $10 ATC = $16 ATC = $8
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