What is the relevance of the marginal rule mr mc in your, Basic Computer Science

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What is the relevance of the marginal rule mr mc in your

Assume you are an analyst with an online university say UOP. The Admissions Director (AD) wants to determine the optimum number of students for each ECO561 class. You are provided with the following data:

Tuition is $1250 per student.

Instructor Pay $2500

Other incidental (variable) costs - $1000.00

Variable cost increases by 10% per each additional student

How many students will you recommend to the AD?
What would be the profit for the given number of students?
Is this a profit maximizing number of students?
Now assume that variable cost increases by 15% for each additional student, what is the new profit maximizing number of students?
What is the relevance of the marginal rule (MR = MC) in your decision making?

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Basic Computer Science: What is the relevance of the marginal rule mr mc in your

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Recent Questions Asked Basic Computer Science

Q : What is the pressure of a 10g sample of sulfur trioxide in

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Q : Cnsider a series rlc circuit with r 28 l 60 mh and c

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Q : What is the relevance of the marginal rule mr mc in your

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Request for Solution File

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Basic Computer Science: What is the relevance of the marginal rule mr mc in your

Reference No:- TGS0591698

Recent Questions Asked Basic Computer Science

Q : What is the pressure of a 10g sample of sulfur trioxide in

Q : Compare and contrast strategic controls and financial

Q : Cnsider a series rlc circuit with r 28 l 60 mh and c

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Q : What is the relevance of the marginal rule mr mc in your

Q : An ac voltage of the form v 85 v sin 310 t is applied to a

Q : Evaluate alternative structures to determine which one

Q : If all the species are at standard conditions except h at

Q : In spherical coordinates the potential of a dipole lacated

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