Identify whether each scenario is an example of a marginal cost, marginal benefit, or neither. Sort each
Question:
1. Jonthana is the chef and owner of jonathan's, his restaurant. His specialty is green chili stew and is what most of his customers order. Yesterday, he had made $876 yesterday. Today he had 47 customers and all of them order the specialty, he made $1410, which was more than he made yesterday.
2. Chipset, inc. produces computer chips. Their cost of supplying additional computer chips has just decreased from $7 to 1.5 because their silicone supplier gave them a discount once they purchased enough computer chips, now making it a large bulk purchase.
3. Anna and her family are starting a business selling ukuleles. To start the business, they must pay upfront costs in the form of leasing space and buying equipment.
4. So smooth coffee receives $10 for each additional bag of coffee they sell. They just sold a bag of coffee and made an additional $10
5. The average cost for interplanetary space to transport a 100 seat spaceship between mars and Amsterdam is $100 million.
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Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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