Solved

Labor Is the Only Variable Input for Elliot's Dog-Walking Service

Question 10

Multiple Choice

Labor is the only variable input for Elliot's dog-walking service. His labor costs are $300 a day and his service walks 25 dogs per day. His labor costs increase to $315.50 a day to walk 26 dogs per day. The marginal cost of walking that 26th dog is


A) $15.50.
B) $19.50.
C) $29.50.
D) indeterminate from the information given.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions