You a a discount for buying multiple notebooks. The first costs you $30. Buying a second gives you a 10% discount on your total bill. Buying a third notebook gives you a 20% discount on your total bill. What is the Marginal Cost of the third notebook? 6 18

You a a discount for buying multiple notebooks. The first costs you $30. Buying a second gives you a 10% discount on your total bill. Buying a third notebook gives you a 20% discount on your total bill. What is the Marginal Cost of the third notebook? 6 18

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 4CQQ

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Question

You a a discount for buying multiple notebooks. The first costs you $30. Buying a second gives you a
10% discount on your total bill. Buying a third notebook gives you a 20% discount on your total bill.
What is the Marginal Cost of the third notebook?
6.
18
The total cost for two notebooks is 0.9*2*the cost of a notebook. The cost of 3 notebooks is
0.8*3*the cost of a notebook. The Marginal cost of the third notebook is the difference
between the two.

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