When a Fine Caterer Produces 30 Catered Meals, Its Marginal

question 146

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 its marginal cost is _____ $10 and its average variable cost is _____ $10.

• A) more than; less than
• B) less than; more than
• C) more than; more than
• D) equal to; equal to

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