Related to the Economics in Practice on page 176: When there are a few unsold seats in an arena for a rock concert, the marginal cost of filling those seats
A) is probably close to zero.
B) will be negative.
C) is generally quite high.
D) will primarily depend on the number of people waiting to get the seats.

Question

Quizplus · Accepted Answer

The marginal cost of filling unsold seats at a rock concert is likely close to zero because the concert is going to happen regardless of whether those few seats are filled or not. The costs associated with hosting the concert (such as venue rental, security, and performers' fees) are fixed and do not increase with a few additional attendees.

Related to the Economics in Practice on Page 176: When