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Tamiku [17]
4 years ago
8

Suppose you have two types of customers. Type 1 customers typically purchases your firm's product in bundles of 100 units, while

type 2 customers typically purchase less than 10 units. The cost of producing one unit is $1 plus packaging costs. Packaging costs $1 per unit for small orders, but only $10 for a bundle of 100 units. Finally, suppose type 1 buyers have a price elasticity of demand equal to -2, while type 2 buyers have an elasticity equal to -1.25. a. What is the marginal cost of selling 100 units to a Type 1 buyer
Business
1 answer:
aleksklad [387]4 years ago
6 0

Answer:

The marginal cost of selling 100 units to a Type 1 buyer is $110

Explanation:

In order to calculate the marginal cost of selling 100 units to a Type 1 buyer we would have to use the following formula:

Marginal Cost of selling 100 units to type 1 buyer=MC1= Marginal Cost of producing 100 units+Packaging cost

Therefore, Marginal Cost of selling 100 units to type 1 buyer=MC1

=1*100+10=$110

The marginal cost of selling 100 units to a Type 1 buyer is $110

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Answer:

Monthly payments=($56890.673/36)=$1,580.296

Explanation:

The formula for calculating the compound interest is given as;

A=P(1+r/n)^nt

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n-Number of times the interest is to be compounded per unit time=12

t-3

Replacing;

A=52000(1+0.03/12)^3

A=52000(1.0025)^(3×12)

A=56,890.673

The total amount after 36 months=$56,890.673

Monthly payments=($56890.673/36)=$1,580.296

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