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reync89 reync89
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A year ago
Your food-services company has been named as the monopoly provider of meals at a small university. The cost and demand schedules are: 

Sold per DayPrice per Meal
$		Total Cost
$		Total Revenue
$
   06.00  500      0
1005.50  550  550
2005.00  6001000
3004.50  6751350
4004.00  8001600
5003.50  9501750
6003.0012001800
7002.5016001750

TABLE 10-2

Refer to Table 10-2. What is the marginal cost of an additional meal when output is between 400 and 500 meals per day?

▸ $0.50

▸ $5.00

▸ $4.00

▸ $0

▸ $1.50
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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mr.pogimr.pogi
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A year ago
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Just got PERFECT on my quiz
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Thank you, thank you, thank you!
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