Suppose that at Jones & Smith Shoe Factory,the marginal cost of making a pair of shoes is $15 and average variable cost is $15.For the next pair of shoes produced marginal cost will be ________ $15 and average variable cost will be ________ $15.
A) greater than; less than
B) less than; greater than
C) less than; less than
D) greater than; greater than
Correct Answer:
Verified
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A) total
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