While Waiting in Line to Buy Two Tacos at 80

question 24

Multiple Choice

While waiting in line to buy two tacos at 80 cents each and a medium drink for 90 cents, Jordan notices that the restaurant has a value meal containing three tacos and a medium drink all for $3. For Jordan, the marginal cost of the third taco would be

• A) zero.
• B) 50 cents.
• C) 80 cents.
• D) $1.

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Definitions:

Capital Investment

Funds invested in a company or enterprise for the purpose of furthering its business objectives, typically in assets that will remain in the business for a long time.

Gross Sales

Gross sales refer to the total of all sales transactions within a specified period before any deductions are made for returns or discounts.

Operating Costs

Expenses associated with the operation and maintenance of a business or property.

Provincial Government

The government authority responsible for governing at the province or territory level in countries such as Canada.