A construction company has built 30 houses so far this year at a total cost to the company of RM7.5 million. If the company builds a 31st house, its total cost will increase to RM7.76 million. Which ofthe following statements is correct?А.For the first 30 houses, the average cost per house was RM250,000.В.If the company can experience a marginal benefit of RM275,000 by building the 31st house, then the company should build it.C.All of the above are correct.D.The marginal cost of the 31st house, if it is built, will be RM260,000. When Joe's budget increases, he will spend the increase in his budget onА.essential goodsВ.more of all the goods he usually buysC.normal goodsD.inferior goodsB.

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A construction company has built 30 houses so far this year at a total cost to the company of RM7.5 million. If the company builds a 31st house, its total cost will increase to RM7.76 million. Which of the following statements is correct? A. O For the first 30 houses, the average cost per house was RM250,000. B. If the company can experience a marginal benefit of RM275,000 building the 31st house, then the company should build it. C. All of the above are correct. D. The marginal cost of the 31st house, if it is built, will be RM260,000.

A construction company has built 30 houses so far this year at a total cost to the company of RM7.5 million. If the company builds a 31st house, its total cost will increase to RM7.76 million. Which of the following statements is correct? A. O For the first 30 houses, the average cost per house was RM250,000. B. If the company can experience a marginal benefit of RM275,000 building the 31st house, then the company should build it. C. All of the above are correct. D. The marginal cost of the 31st house, if it is built, will be RM260,000.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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