Multiple Choice
The average variable cost of producing ice cream sundaes are minimized when 100 sundaes are produced. The total cost of producing 100 sundaes is $500. If fixed cost of production is $200, what is the marginal cost of producing the 100th sundae?
A) $2
B) $3
C) $5
D) indeterminate from the given information
Correct Answer:
Verified
Correct Answer:
Verified
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