Determine the minimum cost life (in years) of an equipment for which the marginal costs are given in table below. Use an interest rate of 10%. Year 1 2 3 4 5 6 Marginal 18,000 16,000 19,000 20,000 22,000 24,000 Cost , $ Answer: The minimum cost life of an equipment is year(s).

Determine the minimum cost life (in years) of an equipment for which the marginal costs are given in table below. Use an interest rate of 10%. Year 1 2 3 4 5 6 Marginal 18,000 16,000 19,000 20,000 22,000 24,000 Cost , $ Answer: The minimum cost life of an equipment is year(s).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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