The Accompanying Table Shows a Pizzeria's Fixed Cost and Variable

question 12

Multiple Choice

The accompanying table shows a pizzeria's fixed cost and variable cost at different levels of output. Pizzas sell for $20 each.  
When the pizzeria makes 50 pizzas a day, its average total cost is ________.

• A)$5
• B)$10
• C)$15
• D)$20

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Definitions:

Quarter

One fourth of a given quantity, often referring to a quarter of a year or a quarter of an hour (15 minutes).

Percent Decrease

A measure of how much a quantity has decreased in percentage terms compared to its previous value.

Percent Increase

The process of determining the ratio of the increase in a quantity to the original amount, expressed as a percentage.

Stock Value

The price of a single share of a company's stock, representing ownership in the company and its potential profitability.