When a Fine Caterer Produces 30 Catered Meals, Its Marginal

Multiple Choice

When 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 _____ $10 and its average variable cost is _____ $10.

A) more than; less than
B) less than; more than
C) more than; more than
D) equal to; equal to