Cost and revenue functions for a charter bus company are shown in Figure 2.66. Should the company

Question:

Cost and revenue functions for a charter bus company are shown in Figure 2.66. Should the company add a 50th bus? How about a 90th? Explain your answers using marginal revenue and marginal cost.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

See More Books

Question Posted: Apr 11, 2023 01:49 AM

See More Questions

The financial statements of the Ito Company are shown in Exhibit. Compute the following for the 20X2 financial statements. 1. Return on total assets (computed using EBIT in the numerator). 2. Divide...
For groups of 80 or more people, a charter bus company determines the rate per person according to the formula Rate = 8 0.05(n 80), n ( 80 Where the rate is given in dollars and n is the number of...
A charter bus company is advertising a singles outing on a bus that holds 60 passengers. The company has found that, on average, 10% of ticket holders do not show up for such trips; hence, the...
Which of the following is not true regarding the receivables turnover ratio? 1) It is used to assess the liquidity of receivables. 2) It has a popular variant called the average collection period. 3)...
In China, the probability of a baby being a boy is 0.545. Many couples are allowed to have only one child. Among the next five randomly selected births in China, what is the probability that at least...
The masses of two children sitting at ends A and B of a seesaw are 38 kg and 29 kg, respectively. Where should a third child sit so that the resultant of the weights of the three children will pass...
Use the AISC equations, select from Appendix B the lightest-weight wide-flange A992 steel column that is $14 \mathrm{ft}$ long and supports an axial load of 40 kip. The ends are pinned. Take...
SoundLab Inc. manufactures two models of speakers, DL and XL. Based on the following production and sales data for November 2014, prepare (a) A sales budget (b) A productionbudget. DL XL 270 85 315...
Mindy has a 20-year adjustable rate mortgage with a rate of 3.6% for the first 4 years. The monthly payment is $1,375.01. The amount of the mortgage is $235,000. What is the remaining balance after 4...
Use the values given for each function. (a) Does the derivative of the function appear to be positive or negative over the given interval? Explain. (b) Does the second derivative of the function...
A particle moves along a line with varying velocity. At time t the particle is at a distance s = f(t) from a fixed point on the line. Sketch a possible graph for f if the average velocity of the...
Werth Company asks you to review its December 31, 2015, inventory values and prepare the necessary adjustments to the books. The following information is given to you. 1. Werth uses the periodic...
In January last year, Penny planned a holiday to Africa for her extended family, in celebration of her grandmother's 70th birthday. Her grandmother loves watching nature documentaries, and Penny was...
What are the similarities in Linux Command Line to DOS? What, in your opinion is easier or a better system?Using 'sudo' in Linux, or switching between a regular user and the admin account in Windows....
Respond to the post below. Expand on their ideas and explain why you agree or disagree. The rapid progress of technology in law enforcement, including the use of cameras for incident capture and...
Please read the article below about " How Leaders Create, and Use Networks" and write out recommendations for what could make the article better or more complete, and how those recommendations could...
It's September 1. A gold mining company expects to sell 1,000 ounces of gold on December 1 this year. Unwilling to take any risk, it has decided to hedge this position by using the December gold...
What are some of the measures used to assess the relative importance of predictors in multiple regression?
A handrail, which weighs 120 N and is 1.8 m long. was mounted to a wall adjacent to a small set of steps (Figure P4.26). The support at A has broken, and the rail has fallen about the loose bolt at 8...
Which type of figure should be used to represent the data in Exercise 1a bar graph, histogram, or frequency polygon? Why? Draw the appropriate figure for these data. s8
Calculate the mean, median, and mode for the data set in Exercise 1. Is the distribution normal or skewed? If it is skewed, what type of skew is it? Which measure of central tendency is most...
Calculate the mean, median, and mode for the following four distributions (a d): 11
Outline the integration area to 2 cos(x) dx dy dz, 2y z
What are the critical mechanisms and data structures used by operating systems to maintain file system integrity, and how do they ensure data consistency and reliability, especially in distributed or...
Use Fourier transform properties to match the time signals with their Fourier transforms. 1. Ev {x (t)} 2. Od {x (t)} 3. Re {x (t)} 4. Im {x (t)} A. X (jw) + ((-w)) B. X (jw) +X (j(w)) C. X (jw) - x...

Cost and revenue functions for a charter bus company are shown in Figure 2.66. Should the company

Question:

1000 800 600 400 200 0 s C(q) R(q) 9 25 50 75 100 125 Figure 2.66

Step by Step Answer:

At q 50 the slope of the revenue is larger than the slope of the ...View the full answer

Applied Calculus

Students also viewed these Mathematics questions