5 Questions
What is the characteristic of the marginal cost in the software industry?
It is close to zero
What is the total cost of flying a 100-seat plane for an airline?
$50,000
How many empty seats are there on a flight?
10
What is the correct answer to the question of the marginal cost of flying a passenger?
$500
Which of the following industries has a marginal cost that is close to zero?
Software
Test your understanding of microeconomic concepts such as marginal cost, fixed cost, and variable cost. This quiz covers the basics of cost analysis in different industries.
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