Question 9 1 point Suppose that you help run a lemonade stan

Question 9 (1 point) Suppose that you help run a lemonade stand in your neighborhood on weekends. Every glass of lemonade costs $0.25 to produce, and is sold for $2.00. What is the marginal cost of the 8th glass of lemonade sold? O A) $1.75 O B) $0.25 C) 14.00 O D) $2.00

Solution

The correct answer is: B)

Reason: Since the cost is constant at $0.25 for each glass of lemonade, the marginal cost of 8th glass of lemonade is also $0.25.

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