A mail carrier at the U.S. Postal Service works on Sunday delivering high-priority letters and packages. She can deliver 13 items per hour. The fixed hourly costs (vehicle depreciation, insurance, etc.) equal $33 and the hourly variable costs (time and a half wages, etc.) total $0.90 per item delivered. How much must the U.S. Postal Service charge for each item delivered in order to break even on Sunday deliveries? The U.S. Postal Service must charge $ for each item delivered in order to break even on Sunday deliveries. (Round to the nearest cent.)
A mail carrier at the U.S. Postal Service works on Sunday delivering high-priority letters and packages. She can deliver 13 items per hour. The fixed hourly costs (vehicle depreciation, insurance, etc.) equal $33 and the hourly variable costs (time and a half wages, etc.) total $0.90 per item delivered. How much must the U.S. Postal Service charge for each item delivered in order to break even on Sunday deliveries? The U.S. Postal Service must charge $ for each item delivered in order to break even on Sunday deliveries. (Round to the nearest cent.)
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
Problem 4.2IP
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