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:

Question

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:

Quizplus · Accepted Answer

MR=MC, and MC cuts MR from below is the correct condition for profit maximization in competitive markets.

Below Are the Costs for a Pizza Restaurant, the Output