Question

the chart shows the marginal cost of producing apple pies. according to the chart, the marginal cost of producing the second pie is
the cost of pie production
pies produced per day total cost marginal cost
0 pies $0.00 $0.00
1 pie $1.00 $1.00
2 pies $1.50 $0.50
3 pies $1.75 $0.25
4 pies $2.25 $0.50
5 pies $3.50 $1.25
6 pies $5.00 $1.50

Explanation:

Step1: Locate relevant row

Find the row for 2 pies in the table.

Step2: Identify marginal - cost value

The marginal cost value for 2 pies is $0.50.

Answer:

$0.50