Suppose the cost of flying a
100-seat plane for an airline is $50,000 and there are 10 empty
seats on a flight. The marginal cost of flying a passenger is:
A construction company has built 30 houses so far this year at a total cost to the company of $7.5 million. If the company builds a 31 house, its total cost will increase to $7.76 million. Which of the following statements is correct?
Homework Answers
Ans. 7) d. This cannot be determined by the given information - We can find the average cost but the marginal cost cannot be same ie constant in a flight.
8) d. All the above are correct.
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