Below Are the Costs for a Pizza Restaurant, the Output

question 7

Multiple Choice

Below are the costs for a pizza restaurant, the output is pizza, in units of (pizza) .
$\begin{array}{ll}\mathrm{P}_{\mathrm{Y}}=\$ 20 / \text { pizza } & \text { TFC }=\$ 10 \\\underline{\mathrm{Y} \text { (pizzas }) } & \underline{\mathrm{TVC}(\$) } \\0 & 0 \\1 & 20 \\2 & 30 \\3 & 35 \\4 & 42 \\5 & 50 \\6 & 70 \\7 & 100\end{array}$
-The profit maximizing level of pizza is found where:

• A) MR=MC, and MC cuts MR from below
• B) MR=MC, and MR cuts MC from below
• C) MR=MC, and MC cuts MR from above
• D) MR=MC, and MR cuts MC from above

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Definitions:

Non-Derivative

A non-derivative is a financial instrument without any underlying assets; its value is determined by the instrument itself, such as stocks or bonds, as opposed to derivatives like options or futures.

Derivative

A financial instrument whose value is derived from the value of another asset, which can include options, futures, and swaps.

Underlying Variable

A factor that can influence the outcome of a financial instrument or contract, such as interest rates, exchange rates, or commodity prices.

Initial Net Investment

The total amount of money required to initialize a project, investment, or venture, net of any financing.