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Paige Sheldrake
on Nov 04, 2024

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Related to the Economics in Practice on page 176: When there are only a few empty cabins on a large cruise ship, the marginal cost of adding extra passengers to occupy those cabins

A) is probably very low.
B) will be negative.
C) is generally quite high.
D) will primarily depend on the number of customers waiting to travel.

Marginal Cost

The additional financial outlay required to produce one more unit of a good or service.

  • Examine how variations in production volumes affect the company's marginal cost.
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Yanis GarciaNov 08, 2024
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