Question

The chart shows the marginal cost of producing apple pies. According to the chart , the marginal cost of producing the second pie is:
- 1.00

- 0.50

- .25

- 1.25

(e2020)

Answer 1

Just got finished taking the activity.

Answer:

Use the information shown in the chart and the drop-down menus to answer these questions.

The marginal cost to produce the first pie is . $1.00

The marginal cost for producing the fourth pie is . $.50

The difference in marginal cost between the production of the second pie and the seventh pie is . $2.25

Answer 2

According to the chart, the marginal cost of producing the second pie is 0.50 so option 2) is the correct one.  

Option 1) “1.00” is incorrect since that is the marginal cost of producing 1 pie

Option 3) “0.25” is also incorrect since that is the marginal cost of producing 3 pies

And finally, option 4) “1.25” is also incorrect since that is the marginal cost of producing 5 pies.