Applying the conept of "Thinking at Margin" which of the following statements are relevant for a TV manufacturer to make a decision:

average cost of 10 televisions is $100 each

marginal cost of 11th television is $100 and marginal revenue is $80

marginal revenue is $80

marginal cost of 11th television is $100

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22-08-2022
Business

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Applying the conept of "Thinking at Margin" which of the following statements are relevant for a TV manufacturer to make a decision:

average cost of 10 televisions is $100 each

marginal cost of 11th television is $100 and marginal revenue is $80

marginal revenue is $80

marginal cost of 11th television is $100

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ogorwyne ogorwyne · Answer 1 · 2022-08-24T18:05:21+02:00

Applying the concept of "Thinking at Margin" which of the following statements are relevant for a TV manufacturer to make a decision: marginal cost of 11th television is $100.

What is meant by think at a margin?

This is the term that has to do with the consideration on the value that a person may place for something.

That is in a way that they have to disregard the sunk cost for that item. you have to weigh the extra benefit that you may have from the addition of an extra unit.

Read more on marginal cost here: https://brainly.com/question/12231343

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