You are considering renting a city apartment with 1,000 square feet for $1 comma 300 per month. The monthly rent on a larger, 1,500-square-foot city apartment is $1 comma 850. The marginal cost of renting an apartment with 500 additional square feet is?

$1.10 per square foot per month

Explanation:

the marginal cost of renting an apartment with 500 additional square feet = $1,850 - $1,300 = $550 or $1.10 per square foot per month.

The marginal cost of anything is the cost of purchasing (or leasing or producing) one extra unit of output or product.  This is why the answer must be expressed in the cost of an extra unit, not 500 extra units.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi