Exhibit 6-8 Cost Schedule for Producing Pizzas

question 29

Multiple Choice

Exhibit 6-8 Cost schedule for producing pizzas

-By filling in the blanks in Exhibit 6-8,the AVC of 4 pizzas is shown to be equal to:

• A)$9.50.
• B)$10.00.
• C)$19.50.
• D)$40.00.
• E)$78.00.

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Definitions:

Legal Justification

The basis under law that explains or defends why an action is considered legal or right.

Cost-benefit

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine the best option through the evaluation of costs and benefits.

Past Oriented

A perspective or approach that places emphasis on traditions, history, and values from the past in decision making and lifestyle.

Retributivist

A philosophy of punishment where the focus is on the offender receiving a punishment proportional to the crime committed, based on the principle of just desert.