If the variable cost of producing five pairs of shoes is $50 and the variable cost of producing six pairs is $80, which statement is TRUE?
A) The marginal cost of the sixth pair is $80.
B) The total cost of producing six pairs is $130.
C) The average variable cost of the sixth pair is $10.
D) The average variable cost of the fifth pair is $10.
Correct Answer:
Verified
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