Exhibit 6-2
-Refer to Exhibit 6-2. The marginal cost of the second pound of bananas is

Name: Exhibit 6-2 -Refer to Exhibit 6-2. The marginal cost of the second pound of bananas is
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Question

Exhibit 6-2 
-Refer to Exhibit 6-2. The marginal cost of the second pound of bananas is

Quizplus · Accepted Answer

The marginal cost of the second pound of bananas is equal to the change in total cost divided by the change in quantity, which is ($23 - $20) / (2 -1) = $3. Therefore, the best choice would be to purchase only one pound of bananas, since the marginal cost exceeds the price of $2 for the second pound.

Exhibit 6-2 -Refer to Exhibit 6-2. the Marginal Cost of the Second