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

Question

Business

Nola Cherry

1 September, 07:35

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

+1

Answers (1)

Know the Answer?

Hamza Gross · Answer 1

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

If you can download 10 ring tones for your cell phonefor $15 or you could download 11 ring tones foryour cell phone for $16, then the marginal cost of theeleventh ring tone is

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