Problem
The cost data below are from the Acme Pizza Company. Fill in the information on the firm's total costs, marginal costs, average total costs, and average variable costs. Draw the total cost curve on one graph. On another graph, draw the marginal cost, average cost, and average variable cost curves. Are there output levels that exhibit increasing returns to scale? Are there output levels that display decreasing returns to scale?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.