Suppose your company runs a shuttle business of a hotel to and from the local airport. The costs for different customer loads are: 1 customer: $30 2...

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Suppose your company runs a shuttle business of a hotel to and from the local airport. The costs for different customer loads are:1 customer: $30 2 customers: $323 customers: $354 customers: $38 5 customers: $426 customers: $487 customers: $578 customers: $68.If you are compensated $10 per ride, what customer load would you choose? Marginal Cost is the change in costs due to the additional customer. Since marginal revenue is the price of $10, you will serve customers up to the point where MC > MR or you will serve 7 customers. Marginal Cost is the change in costs due to the additional customer. Since marginal revenue is the price of $10, you will serve customers up to the point where MC < MR or you will serve 10 customers. Marginal Cost is the change in costs due to the additional customer. Since marginal revenue is the price of $10, you will serve customers up to the point where MC< MR or you will serve 9 customers. Marginal Cost is the change in costs due to the additional customer. Since marginal revenue is the price of $10, you will serve customers up to the point where MC = MR or you will serve 7 customers.

Question

Suppose your company runs a shuttle business of a hotel to and from the local airport. The costs for different customer loads are: 1 customer: $30 2...

  • Written in: 17-Oct-2019
  • Paper ID: 5967835
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Oct 17, 2019

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