Suppose a pizza parlor has the following production? costs: ?$5 in labor per? pizza, ?$4 in ingredients per? pizza, ?$0.60 in electricity per? pizza, ?$5 ,000 in restaurant rent per? month, and ?$200 in insurance per month.
Assume the pizza parlor produces 2,000 pizzas per month.
What is the variable cost of production? (per month)?
The variable cost of production is ?-----
?(Enter your response as an? integer.)
What is the fixed cost of production? (per month)?
The fixed cost of production is ------
?(Enter your response as an? integer.)