Related to the Economics in Practice on page 172: When there are a few unsold seats in an arena for a rock concert, the marginal cost of filling those seats
A) is probably close to zero.
B) will be negative.
C) is generally quite high.
D) will primarily depend on the number of people waiting to get the seats.

Question

Quizplus · Accepted Answer

The marginal cost of filling the unsold seats is probably close to zero because the arena has already incurred the fixed costs of operating the venue, so the additional cost of filling a few extra seats is minimal.

Related to the Economics in Practice on Page 172: When