Question

MEDAL At 3000 maps per year,what is the marginal map costs for each system?

http://site.iugaza.edu.ps/nsawalhi/files/2014/01/Engineering-Economic-Analysis-9th.pdf#page=77

So just for part (h) the marginal cost; how?

Marginal is one more, so 3001-3000 (cost)?

Answer 1

@jim_thompson5910 @abb0t @Abhisar @lizz123 @Loser66

Answer 2

the link isn't loading for me

Answer 3

oh wait, it's doing it, just very slowly

Answer 4

y = .9x + 1 (System I)
y = .1x + 5 (System II)

Answer 5

I would think that no matter where you are on the line, the marginal cost is simply the slope. Adding that extra unit means you just increase the output by the slope.

Ex: if x = 0, then y = 1 and if x = 1, then y = 1.9 (the output increased by 0.9, the slope)

Answer 6

Wow, that's really simple to remember. =D

Answer 7

this only works for linear equations though

Answer 8

good to know that part
checking my answer: $0.90k = marginal cost?
for the first one

Answer 9

yeah for system 1

Answer 10

looks good

Answer 11

to find average cost, you divide the total cost by the number of units produced