SCU The government in the province of Laputa Questions – Description
The government of the province of Laputa (in the Republic of Ivarrona) has installed Telemedicine Kiosks in many urban and rural locations in the country. These Kiosks have medical devices that can capture many important elements of patient vitals – including blood pressure, body temperature, etc. The medical devices have a secure chip that will analyze and transmit this information to central hub. This chip is called ‘Transmit Secure’ (TS chips from here onwards). Each kiosk needs to have exactly one TS chip installed inside the kiosk securely. The total cost of manufacturing n TS chips by the government is given by: TC(n)= 10 + (n/2) The total cost of installing m units of TS chips by the government is given by: TC(m)= 10 + (m/4) Answer questions 4 & 5 based on the information above. Based on the information given above, only one of the following statements is correct. Identify the correct statement. a. The average cost of manufacturing n units of TS chips is increasing in n. b. The total cost of manufacturing n units of TS chips is decreasing in n. c. The manufacturing of these TS chips is not characterized by scale economies. d. The average cost of installing m units of TS chips is constant (neither increasing nor decreasing in m). e. The marginal cost of installing m units of TS chips is constant (neither increasing nor decreasing in m).
The post SCU The government in the province of Laputa Questions first appeared on .
