2. Fill in the table below. Output Fixed Cost 0 1 2 $120 Vanable Cost SO $60 $80 $90 $105 Total Cost Marginal Cost SO 3. Gary wants to buy gas and get a car wash. He pulls into a gas station and notices a sign that says if he buys 9 gallons of gas at $3.00 per gallon (what a deall), the car wash is $2, but if he buys 10 gallons of gas, the car wash is free. a. For Gary, what is the marginal cost of the 10th gallon of gas?

2. Fill in the table below. Output Fixed Cost 0 1 2 $120 Vanable Cost SO $60 $80 $90 $105 Total Cost Marginal Cost SO 3. Gary wants to buy gas and get a car wash. He pulls into a gas station and notices a sign that says if he buys 9 gallons of gas at $3.00 per gallon (what a deall), the car wash is $2, but if he buys 10 gallons of gas, the car wash is free. a. For Gary, what is the marginal cost of the 10th gallon of gas?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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