The marginal (dollar) cost of an additional plate of food to a patron at an "All-You-Can-Eat" restaurant is:
a. equal to the price paid for the meal divided by the number of plates of food consumed.
b. equal for every plate of food consumed during the meal
c. equal to zero.
d. equal to the price paid for the meal (since there is no such thing as a free lunch).
c
Economics
You might also like to view...
How might department stores best protect themselves against the risk of recession?
A) Buy insurance policies that pay off when a recession occurs. B) Stand ready to go out of business if a recession occurs. C) Sell goods that are complements to one another. D) Sell both substitute and complement goods. E) Sell both normal and inferior goods.
Economics
In the aggregate expenditures model, if aggregate expenditures (AE) are less than GDP, then:
a. inventory is depleted. b. inventory is unchanged. c. employment decreases. d. employment increases.
Economics