Explanation Given information: The cost for one day ticket is $36. The cost for two-consecutive day ticket is $40. Calculation for the average cost when two-day ticket is required: Average cost = Total cost Total number of days = $ 40 2 = $ 20

The average cost per day for the 2-day ticket and the marginal cost of the second repeated day.

Exploring Economics

8th Edition

ISBN: 9781544336329

Author: Robert L. Sexton

Publisher: SAGE Publications, Inc

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Question

Chapter 11, Problem 11P

To determine

To compute:

The average cost per day for the 2-day ticket and the marginal cost of the second repeated day.

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Similar questions

Concert Opportunity Cost 2 You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. Recently, you saw that StubHub was listing similar seats for $225 apiece. What does it cost you to attend the concert?

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