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10 June, 19:37

While waiting in line to buy two tacos at 75 cents each and a medium drink for 80 cents, Jordan notices that the restaurant has a value meal containing three tacos and a medium drink all for $2.50. For Jordan, the marginal cost of purchasing the third taco would be:

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  1. 10 June, 22:38
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    55 cents

    Explanation:

    75 cents each for a taco

    $1,50 for two tacos (75*2)

    80 cents for a medium drink

    Total cost = 1.50+0.80=$2.30

    Additional taco = 2.30+0.75=$3.05

    Value meal = $2. 50

    The marginal cost for Jordon to purchase an additional taco instead of the value meal =

    3.05-2.50=55 cents
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