1. Highlight on the figure the service range of a company with an av- erage total...
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1. Highlight on the figure the service range of a company with an av- erage total cost per product of a prior to shipping. 2. Find the total cost, (TC) excluding shipping of that company. Recall you have the ATC on the figure. 3. Assume the customers pay $1.00 to the company to get the shoes. How much does the company pay in shipping to provide for their service area? 4. What is the companies profit, 7? 5. Suppose the customers paid $0.3 per shoe instead, but the customers also paid shipping. What would be the consumer surplus in that case? Milk (gallons) Cost: homemade shoes 1.00 0.40 0.30 Distance from factory Figure 3.3: A shipping problem Net price: factory shoes 1. Highlight on the figure the service range of a company with an av- erage total cost per product of a prior to shipping. 2. Find the total cost, (TC) excluding shipping of that company. Recall you have the ATC on the figure. 3. Assume the customers pay $1.00 to the company to get the shoes. How much does the company pay in shipping to provide for their service area? 4. What is the companies profit, 7? 5. Suppose the customers paid $0.3 per shoe instead, but the customers also paid shipping. What would be the consumer surplus in that case? Milk (gallons) Cost: homemade shoes 1.00 0.40 0.30 Distance from factory Figure 3.3: A shipping problem Net price: factory shoes
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