Ted has decided to buy a burger and fries at a restaurant but is considering whether to

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Ted has decided to buy a burger and fries at a restaurant but is considering whether to buy a drink as well. If the price of a burger is $2.00, fries are $1.00, drinks are $1.00, and a value meal with all three costs $3.40, the marginal cost to Ted of the drink is

a. $1.00.

b. $0.40.

c. $1.40.

d. $3.40.

e. impossible to determine from the information given.

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Exploring Economics

ISBN: 9780324395464

4th Edition

Authors: Robert L. Sexton

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