Question

Heath can pay $10 for one meal deal at the hamburger restaurant or $15 for
two meal deals. The marginal cost of the second meal deal is

Answer 1

The marginal cost of the second meal deal is $5.

What is the marginal cost?

The marginal cost is the change in total cost when consumption is increased by one unit.

Marginal cost = change in total cost / change in consumption

($15 - $10) / (2 - 1) = $5

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