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).

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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Question

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).

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