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Use the Table Below to Answer the Following Questions

Question 45

Multiple Choice

Use the table below to answer the following questions.
Table 12.2.2
Use the table below to answer the following questions. Table 12.2.2 -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? A) zero pizzas B) 1 pizza C) 2 pizzas D) 3 pizzas E) 4 pizzas
-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?


A) zero pizzas
B) 1 pizza
C) 2 pizzas
D) 3 pizzas
E) 4 pizzas

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