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Production cost analysis and estimation applied problems

03/04/2021 Client: muhammad11 Deadline: 2 Day

Need help with my Economics question - I’m studying for my class.

Please complete the following two applied problems:

Problem 1:

William is the owner of a small pizza shop and is thinking of increasing products and lowering costs. William’s pizza shop owns four ovens and the cost of the four ovens is $1,000. Each worker is paid $500 per week.

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