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When a Caterer Produces 30 Catered Meals,its Marginal Cost and Average

Question 116

Multiple Choice

When a 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) greater than;less than
B) less than;greater than
C) greater than;greater than
D) equal to;equal to

Correct Answer:

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