Seven years ago, you started a crosstown delivery service. The service is an environmentally friendly business and, given all the traffic congestion, you are also the fastest service in the city since your entire crew are bicyclists. You have two types of service. You have a small parcel service for anything that is flat and measures less than 11x17. You have a package service using a 100 Ib. capacity bike trailer for anything weighing up to 10 Ibs. As a way to introduce the new package service when you implemented the small package service, you charged the same price for packages as parcels. You are now wondering if you should charge different prices for the parcel and package service. Complete the table below for the parcels market. Price Parcels and Packages TR MR | TC MC MR- Profit MC 100 1,150 90 1,650 10 70 2.150 10 2,850 5,850 7,850 90 4,500 80 100 8,000 | 10,500 50 12,000 30 3,150 10 20 12,500 10 3,650 10 0 12,000 -10 4,150 10 -20 7850 10,500 -30 4,650 10 -40 8,000 -50 5,150 10 -60 2850 4,500 -70 5,650 10 -80 -1,150 60 2,650 10 70 60 150 40 200 50 8850 300 350 30 20 450

Seven years ago, you started a crosstown delivery service. The service is an environmentally friendly business and, given all the traffic congestion, you are also the fastest service in the city since your entire crew are bicyclists. You have two types of service. You have a small parcel service for anything that is flat and measures less than 11x17. You have a package service using a 100 Ib. capacity bike trailer for anything weighing up to 10 Ibs. As a way to introduce the new package service when you implemented the small package service, you charged the same price for packages as parcels. You are now wondering if you should charge different prices for the parcel and package service. Complete the table below for the parcels market. Price Parcels and Packages TR MR | TC MC MR- Profit MC 100 1,150 90 1,650 10 70 2.150 10 2,850 5,850 7,850 90 4,500 80 100 8,000 | 10,500 50 12,000 30 3,150 10 20 12,500 10 3,650 10 0 12,000 -10 4,150 10 -20 7850 10,500 -30 4,650 10 -40 8,000 -50 5,150 10 -60 2850 4,500 -70 5,650 10 -80 -1,150 60 2,650 10 70 60 150 40 200 50 8850 300 350 30 20 450

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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