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You rent a car for $29.95. The first 150 miles are free, but each mile thereafter costs 15 cents. You drive it 200 miles. What is the marginal cost of driving the car
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You rent a car for $29.95. The first 150 miles are free, but each mile thereafter costs 15 cents. You drive it 200 miles. What is the marginal cost of driving the car

User Wagner Sales
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1 Answer

8 votes

Answer:

The marginal cost of driving the car is $7.50 + the cost of gas.

Step-by-step explanation:

Initial cost: $29.95

200 miles you drove- 150 miles free= 50 miles you have to pay for

50 miles * 15 cents per mile

50* 0.15= $7.5

$7.50

User Mandeep Yadav
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4.4k points
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