Multiple Choice
If the average cost of producing 10 sweaters is $6.50 and the marginal cost of producing the tenth sweater is $6.25, the average cost of producing 10 sweaters will be:
A) $6.50.
B) more than $6.50.
C) less than $6.50.
D) exactly $6.25.
Correct Answer:
Verified
Correct Answer:
Verified
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