naystar7255 naystar7255
  • 23-11-2021
  • Business
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when a fine caterer produces 30 catered meals, its marginal cost and average variable cost each equal

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maddiekeeling7 maddiekeeling7
  • 23-11-2021

Answer:

ExplanatioWhen 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 less than $10 and its average variable cost is more than $10

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