Multiple regression analysis typically requires several computers.

When Peter's Pizza Company produces 50 pizzas, its average total cost is $8 . The marginal cost of the 51st pizza is $7 . If the firm chooses to produce the 51st pizza, what will happen to average total cost? Explain

What will be an ideal response?

When the average total cost is rising, it must be the case that

a. production must be cut back b. fixed cost is not very high c. marginal cost is greater than average total cost d. average fixed cost exceeds average variable cost e. marginal cost is less than average fixed cost