2. Suppose you are given the following cost data for a product. q (units) C (dollars) 4693 4831 5001 405 420 440 (a) Use averaging to estimate MC(120) (give units of your answer). (b) If the reventie (in dollars) from selling q units is R= 13.78q. estimate the cffect on profit of producing and selling the 421st unit.

2. Suppose you are given the following cost data for a product. q (units) C (dollars) 4693 4831 5001 405 420 440 (a) Use averaging to estimate MC(120) (give units of your answer). (b) If the reventie (in dollars) from selling q units is R= 13.78q. estimate the cffect on profit of producing and selling the 421st unit.

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter4: Economic Evaluation In Health Care

Section: Chapter Questions

Problem 7QAP

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