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26 September, 12:42

If you can download 10 ring tones for your cell phone

for $15 or you could download 11 ring tones for

your cell phone for $16, then the marginal cost of the

eleventh ring tone is

+3
Answers (1)
  1. 26 September, 12:54
    0
    Marginal cost of eleventh ring tone = $1

    Explanation:

    Given:

    Cost of 10 ringtone = $15

    Cost of 11 ringtone = $16

    Find:

    Marginal cost of eleventh ring tone = ?

    Computation:

    Marginal cost = change in cost / change in quantity

    Marginal cost of eleventh ring tone = change in total cost / change in number of ringtone

    Marginal cost of eleventh ring tone = ($16 - $15) / (11 - 10)

    Marginal cost of eleventh ring tone = $1 / 1

    Marginal cost of eleventh ring tone = $1
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