When Better Beds produces 40 beds per day, its average variable cost is $600, its average total cost is $800, and its marginal cost is $700. 3.2. When Better Beds increased production from 39 to 40 beds per day:

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1. 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:

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When Better Beds produces 40 beds per day, its average variable cost is $600, its average total cost is $800, and its marginal cost is $700. 3.2. When Better Beds increased production from 39 to 40 beds per day:

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