Suppose a pizza parlor has the following production? costs: ?$4.00 in labor per? pizza, $2.00 in ingredients per? pizza, $0.90 in electricity per? pizza, $3,000
in restaurant rent per? month, and $450 in insurance per month.
Assume the pizza parlor produces 9,000 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.)