Asked by DM KHAN BHUTTO on Jun 22, 2024
Verified
If you can download 10 ring tones for your cell phone for $10 or you can download 11 ring tones for your cell phone for $10.50, then the marginal cost of the eleventh ring tone is
A) $0.50.
B) $10.00.
C) $10.50.
D) $20.50.
Marginal Cost
The charge incurred from the production of an extra unit of a product or service.
Ring Tones
Digital files used on mobile phones to indicate an incoming call or message.
- Compute the trade-off cost for personal decisions and economic activities.
Verified Answer
ER
Erika ReamesJun 27, 2024
Final Answer :
A
Explanation :
The marginal cost of the eleventh ring tone is the additional cost incurred by downloading one more ring tone beyond the initial 10, which is $10.50 - $10 = $0.50.
Learning Objectives
- Compute the trade-off cost for personal decisions and economic activities.