Question
Course: Microeconomics - Ch. 1 Thinking like an Economist - Robert Frank Suppose you can add RAM to your computer at a cost of $50
Course: Microeconomics - Ch. 1 Thinking like an Economist - Robert Frank Suppose you can add RAM to your computer at a cost of $50 per MB. Suppose also that the value you have for an additional MB of memory, measured by the amount you are willing to pay, is $200 in the case of the first, then halved in the case of each additional MB. Plot the marginal cost and marginal benefit. How many MB should you buy?
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Economics of Strategy
Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer
6th edition
978-1118273630, 111827363X, 978-1118319185
