For the Fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. If you eat 100 meals, your marginal cost of the 100^th meal is:

Question

Quizplus · Accepted Answer

The marginal cost of the 100th meal is $0 because the $600 fee is nonrefundable and covers up to 150 meals, meaning each additional meal up to 150 does not incur any extra cost.

For the Fall Semester, You Had to Pay a Nonrefundable