12. Suppose in Problem 11 the cost of RAM falls to $50 per gigabyte. How many gigabytes...

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12. Suppose in Problem 11 the cost of RAM falls to $50 per gigabyte. How many gigabytes of memory should you purchase now? Suppose additionally that your benefit for an additional gigabyte of memory rises to $1600 for the first gigabyte, also falling by one-half for each additional gigabyte. How many gigabytes of memory should you purchase now, with both the lower price and the larger benefit?

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Microeconomics And Behavior

ISBN: 9780073375946

8th Edition

Authors: Robert Frank, David Colander

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