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    RichDean's Avatar
    RichDean Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jun 24, 2011, 11:51 AM
    Economics question
    Consider the marginal cost for a product like Microsoft Windows 7. How does the marginal cost for a product like this differ from a product like automobiles? What relevance might there be to this difference?
    RichDean's Avatar
    RichDean Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Jun 24, 2011, 11:58 AM
    Economics
    Suppose a company incurs the following costs:
    Labor $400
    Equipment $300
    Materials $100
    It owns the building so it doesn't have to pay the $800 in rent.
    a. What is the total accounting cost?
    b. What is the total economic cost?
    c. Explain why these are different in this way.
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
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    #3

    Jun 24, 2011, 12:36 PM

    Rich, are you looking for homework help? If so, check this out.
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