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Business, 17.06.2020 20:57 SaliJano8950

You and a group of friends are planning to visit a theme park, which charges $60 for admission, $90 for a two-day pass, and $110 for a three-day pass. Your friends are interested in spending a lot of time there, but they’re worried about paying a lot of money. You explain the concept of marginal cost, which helps them see that the additional day is a good value. The average cost per day of a three-day pass is $.
The marginal cost of adding the third day is $.
If there are 7 people in your group, the group's marginal cost of switching from the two-day pass to the three-day pass is $.

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