When a Fine Caterer Produces 30 Catered Meals, Its Marginal

question 20

Multiple Choice

When a fine caterer produces 30 catered meals, its marginal cost and average variable cost each equal $10.Therefore, assuming normally shaped cost curves, at 29 meals:

• A)its marginal cost is greater than $10 and its average variable cost is less than $10.
• B)its marginal cost is less than $10 and its average variable cost is more than $10.
• C)its marginal cost and its average variable cost are each greater than $10.
• D)its marginal cost and its average variable cost are each equal to $10.

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Definitions:

Menopause

The time in a woman's life marking the end of her menstrual cycles, typically occurring 12 months after her last period.

Menstrual Cycles

The monthly series of changes a woman's body goes through in preparation for the possibility of pregnancy.

Pregnant Woman

A female who is in the state of carrying a developing embryo or fetus within her body.

Alcohol

Alcohol typically refers to ethanol, a psychoactive substance found in beverages like beer, wine, and spirits, known to have effects on the nervous system.