Question

Every Friday night, Gustavo pays $49.99 to eat nothing but crab legs at the all-you-can-eat soafood buffet at the M Resort in Las Veg The average cost of each crab leg to Gustavo is $ 1.24. (Enter your response rounded to two decimal places.) The marginal cost of an additional crab leg is sEnter your response as a whole number)
0 0
Add a comment Improve this question Transcribed image text
Answer #1

The marginal cost is equal to the : change in total cost/change in quantity

If he wants to eat one more crab leg then he has to pay nothing because it's an all-you-can-eat buffet.

So,the marginal cost of an additional crab leg is zero

Add a comment
Know the answer?
Add Answer to:
Every Friday night, Gustavo pays $49.99 to eat nothing but crab legs at the all-you-can-eat soafood...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT