support@accepted.com
Get Your Free Consultation!

Which program are you applying to?

  • - Select a program -
  • MBA/EMBA
  • Law School
  • Grad School, PhD
  • MD/DO, Residency
  • Other Healthcare Programs
  • College
  • About Accepted
    • About us
      • The Accepted Advantage
      • Clients Accepted At
      • In The News
    • Client Feedback
    • Contact Us
  • Meet the Team
    • MBA Admissions Consultants
    • Med School Admissions Consultants
    • Grad School Admissions Consultants
    • Law School Admissions Consultants
    • College Admissions Consultants
  • Free Resources
    • MBA
      • Free Guides
      • Selectivity Index
      • Sample Essays
      • Essay Tips
      • MBA Podcast Episodes
      • MBA Deadlines
    • Med School
      • Free Guides
      • Selectivity Index
      • Sample Essays
      • Essay Tips
      • Med School Podcast Episodes
    • Healthcare Programs
      • Free Guides
      • Admissions Straight Talk Podcast for Healthcare Applicants
    • Grad School
      • Free Guides
      • Sample Essays
      • Grad School Podcast Episodes
    • Law School
      • Free Guides
      • Selectivity Index
      • Sample Essays
      • Law School Podcast Episodes
    • College
      • Free Guides
      • Sample Essays
      • Admissions Straight Talk Podcast for College Applicants
  • Services
    • MBA
      • Complete Packages
      • Essay Editing
      • Resume Services
      • Interview Prep
      • MORE
    • Med School
      • Premed Packages
      • Primary App Packages
      • Secondary App Packages
      • Essay Editing
      • Interview Prep
      • MORE
    • Healthcare
      • Postbac Packages
      • MPH Packages
      • NursingCAS Packages
      • PharmD Packages
      • Essay Editing
      • MORE
    • Grad School
      • Complete Packages
      • PhD Packages
      • Essay Editing
      • CV/Resume Assistance
      • MORE
    • Law School
      • Complete Packages
      • Essay Editing
      • Interview Prep
      • MORE
    • College
      • Complete Packages
      • Common App Package
      • Essay Editing
      • MORE
  • Blog
    • MBA Blog Posts
    • Medical School Blog Posts
    • Other Healthcare Blog Posts
    • Grad School Blog Posts
    • Law School Blog Posts
    • College Blog Posts
    • Admissions Straight Talk Podcast
Accepted

Accepted Admissions Blog

Everything you need to know to get Accepted

May 18, 2009

Reading Time: < 1 minutes

MBA Math Monday: Marginal Analysis by Table

The MBA Math Monday series helps prospective MBA students to self assess their proficiency with the quantitative building blocks of the MBA first year curriculum.

Marginal analysis yields insight into the optimal production quantity, and corresponding profit, by examining whether each additional quantity sold generates more revenue than it costs to produce. Many students new, or newly returned, to economics have trouble applying this simple concept, usually much to their own surprise and frustration.

Marginal analysis serves as a great introduction to how economics can be presented with data, formulas, and charts. Beginning students typically find one or two of these approaches intuitive but struggle with the other(s), finding it hard to accept that they are equivalent.

This exercise presents a simple table-based exercise whose solution will be presented from both total and marginal perspectives. We’ll revisit marginal analysis with formulas and calculus in subsequent MBA Math Monday sample exercises.

Exercise:

Global Corp. sells its output at the market price of $13 per unit. Each plant has the costs shown below:

Units of Output

Total Cost ($)

0

6

1

9

2

15

3

24

4

36

5

51

6

69

7

90


How much output should each plant produce?

Solution (with audio commentary): click here

Prof. Peter Regan created the self-paced, online MBA Math quantitative skills course and teaches live MBA courses at Dartmouth (Tuck), Duke (Fuqua), and Cornell (Johnson).

Article by / MBA Admissions

Get Accepted!

Sign up for a free consultation today!

Which program are you applying to?

Blog Categories

  • Admissions Consulting
  • Admissions Straight Talk Podcast
  • College Admissions
  • Grad School Admissions
  • Law School Admissions
  • MBA Admissions
  • Medical School Admissions
  • Other Healthcare Admissions
  • Uncategorized

Most Popular Blog Posts

1. 7 Simple Steps to Writing an Excellent Diversity Essay

2. 4 Ways to Show How You’ll Contribute in the Future

3. How to Write About Your Research Interests

4. Tips for Answering the Yale University Supplemental Essays and Short Answer Questions [2022-2023]

5. When Will Medical Schools Give You an Answer?

6. Sample Essays from Admitted HBS Students

7. Tips for Answering the University of Pennsylvania Supplemental Essay Prompts [2022-2023]

8. Top STEM MBA Programs: A Comprehensive List and Overview of STEM-OPT Eligible B-Schools

Sample Essays

MBA Personal Statement Examples

Medical School Personal Statement Examples

Graduate School Personal Statement Examples

Law School Personal Statement Examples

College Application Essay Examples

 

Home Page Services and Prices MBA Med School Law School Grad School College

About Us Press Room Contact Us Podcast Accepted Blog
Privacy Policy Website Terms of Use Disclaimer Client Terms of Service

Accepted 1171 S. Robertson Blvd. #140 Los Angeles CA 90035 +1 (310) 815-9553
© 2022 Accepted

BBB A+ RatingStamp of AIGAC Excellence

Copyright © 2023 · Education Pro Theme on Genesis Framework · WordPress · Log in