Your food-services company has been named as the monopoly provider of meals at a small university.The cost and demand schedules are:
TABLE 10-2
-Refer to Table 10-2.The marginal cost between 100 and 200 meals per day is

Question

Your food-services company has been named as the monopoly provider of meals at a small university.The cost and demand schedules are:
  TABLE 10-2
-Refer to Table 10-2.The marginal cost between 100 and 200 meals per day is

Quizplus · Accepted Answer

The marginal cost is the change in total cost when one more unit is produced. If the total cost increases by $200 when production increases from 100 to 200 meals, the marginal cost per meal is $2.00.

Your Food-Services Company Has Been Named as the Monopoly Provider