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erica [24]
3 years ago
6

While waiting in line to buy two tacos at 80 cents each and a medium drink for 90 cents, Jordan notices that the restaurant has

a value meal containing three tacos and a medium drink all for $3. For Jordan, the marginal cost of the third taco would be:________
a. 0.
b. 50 cents.
c. 80 cents.
d. 1.
Business
1 answer:
marysya [2.9K]3 years ago
4 0

Answer:

(B). 50 cents

Explanation:

<u>Marginal cost</u><u> is the cost incurred by producing or purchasing one more unit of an item.</u>

If Jordan buys two tacos and a medium drink, it will cost him $2 and 50 cents or 250 cents (80 + 80 + 90).

However, if he opts for the value meal of three tacos and a medium drink, that costs $3 (300 cents), then he would be purchasing one additional taco at a marginal cost of 50 cent.

Marginal cost of additional unit of taco = 300 cents - 250 cents = 50 cents.

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3 years ago
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