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Suppose a pizza parlor has the following production costs: $2.00 in labor per pizza, $3.00 in ingredients per pizza, $0.60 in electricity per pizza, $4,000 in restaurant rent per month, and $400 in insurance per month. Assume the pizza parlor produces 9,000 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.)

Suppose a pizza parlor has the following production costs: $2.00 in labor per pizza, $3.00 in ingredients per pizza, $0.60 in electricity per pizza, $4,000 in restaurant rent per month, and $400 in insurance per month. Assume the pizza parlor produces 9,000 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.)

Microeconomics: Principles & Policy
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter7: Production, Inputs, And Cost: Building Blocks For Supply Analysis
Section: Chapter Questions
Problem 7TY
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Suppose a pizza parlor has the following production costs: $2.00 in labor per pizza, $3.00 in ingredients per pizza, $0.60 in electricity per pizza, $4,000 in restaurant rent per month, and $400 in insurance per month, Assume the pizza parlor produces 9,000 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.)
Transcribed Image Text:Suppose a pizza parlor has the following production costs: $2.00 in labor per pizza, $3.00 in ingredients per pizza, $0.60 in electricity per pizza, $4,000 in restaurant rent per month, and $400 in insurance per month, Assume the pizza parlor produces 9,000 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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