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    Economics Principles and Policy Study Set 2
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    Exam 8: Output, Price, and Profit: the Importance of Marginal Analysis
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    Bob Goes to His Favorite Hot Dog Stand, Which Is
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Bob Goes to His Favorite Hot Dog Stand, Which Is

Question 1

Question 1

Multiple Choice

Bob goes to his favorite hot dog stand, which is offering one hot dog for $2.50 or two for $4.00.Bob's marginal cost of a second hot dog is


A) $1.00.
B) $2.00.
C) $1.50.
D) $2.50.

Correct Answer:

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