1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergejj [24]
3 years ago
15

A railroad which runs between two cities offers two products: passenger and freight service. The marginal cost of carrying an ex

tra ton of freight is $0, and the marginal cost of carrying an extra passenger is $1. There are joint, fixed costs of $19,000 per day. There is no other competitor in this market. The daily demand for passenger service is with Qp the number of passengers and Pp the price of a two-way ticket. The daily demand for freight service is
Pp = 8 - 0.005Qp with Qp the number of passengers and Pp the price of a two-way ticket. The daily demand for freight service is Pf= 10-0.001Qf with Qf in tons and Pf the price per ton.
a. Currently, Pp $5 per passenger and P S8 per metric ton. Please calculate the railroad's revenues from passenger service and freight service, respectively. In addition, calculate the railroad's overall profit. b. A manager at the railroad argues that prices should be raised on both products to increase profit. Do you agree with the argument? What pricing would you recommend for each product?
c. Another manager argues that the firm can use price differentiation to improve profit. Please recommend a specific price differentiation scheme for the railroad's passenger and/or freight service, and explain how it will work. b. c.

Business
1 answer:
Karolina [17]3 years ago
5 0

Answer:

The complete question is found in the attachment

Explanation:

The explanation is found in the attachment

You might be interested in
The discount rate is the: multiple choice 1 interest rate at which banks can borrow reserves from other banks. lowest interest r
Reil [10]

Answer:

a. The discount rate is the

  • interest rate at which banks can borrow reserves from the Federal Reserve.

The discount rate is the interest rate that the FED charges commercial banks, credit unions, or other financial institutions for lending them money.

b. If the Fed were to decrease the discount rate, banks will borrow

  • more reserves, causing an increase in lending and the money supply.

Lowering the discount rate is considered part of an expansionary monetary policy since banks will borrow more money and lend more money to the public, increasing the money supply.

7 0
3 years ago
Read 2 more answers
Among fatal plane crashes that occurred during the past 55 ​years, 619 were due to pilot​ error, 85 were due to other human​ err
sergey [27]

Answer:

Relative Frequency = Observed value for each cell / Total frequency * 100

Cause                       Relative Frequency

Pilot Error                           619

Other human error             85

Weather                              574

Mechanical problems        566

Sabotage                            524

Total                                   2368

The total frequency is 2368

The calculation of the relative frequency distribution is

Cause                          Relative Frequency           Result

Pilot Error                         619/2368 * 100              26.14%

Other human error           85/2368 * 100               3.59%

Weather                            574/2368 * 100             24.24%

Mechanical problems      566/2368 * 100             23.90%

Sabotage                          524/2368 * 100             <u>22.13%</u>

Total                                                                          100%

Conclusion: The most serious threat to aviation safety is the Pilot error as it has the highest frequency. Pilot need to be more equipped with understanding and knowledge of how to deal with unexpected event i.e. turbulence, engine failure among others..

5 0
3 years ago
You work for Emerita's Pizzeria and have been given the task of looking at company goals and deciding how the goals will be acco
Vesna [10]

The plans that must be involved are the strategic planning, the mid level, the low level, the operational planning, the top level planning.

Explanation:

In the strategic planning the company's stakeholders will ask them were they want their company to be in five years

The middle level staff will decide to focus in recruiting the new clients and to increase the productivity and they will find the way to give back to the company

Being a low level employee it is necessary that one must interact with the customers and contribute to the company's performance

In the operational planning it will be difficult to manage the customers  meet their day to day needs and satisfy them

A meeting will be held with the top level staff and hence they will be coming up with the new tools of the operational planning

3 0
3 years ago
When the allowance method is used to account for uncollectible accounts, Bad Debts Expense is debited when A. a customer’s accou
MaRussiya [10]

Answer:

Option D. management estimates the amount of uncollectibles

Explanation:

When the company estimates the bad debts, reflects it in the balance sheet through a Debit entry in the Bad Debt Expenses againts the asset account Allowance for Doubtful Accounts as a Credit.

When the bad debt are confirm as uncollectible the loss is reflected in the Account Receivable as a Credit with the correspondent debit entry in the Allowance for Doubtful Accounts.    

7 0
3 years ago
Altonland Inc., a pharmaceutical company based in the United States, generally appoints a U.S. national as the head of its forei
In-s [12.5K]

Answer: The correct answer is "the informal rules of the game".

Explanation: The given scenario illustrates <u>the informal rules of the game.</u>

<u>Because despite not being an official standard, it is an informal rule that the company tends to follow because it gives good results, and is backed by the organizational culture of the company.</u>

7 0
3 years ago
Other questions:
  • Diversification cannot reduce market risk. <br> a. true <br> b. false
    13·1 answer
  • Tom Cruise is a 17 year old high school student who works as an assistant manager at the local movie theater. If an increase in
    9·1 answer
  • What type of tax are sales tax and excise tax?
    15·1 answer
  • Bill is a yacht broker in the southeastern United States. For years he has had difficulty selling large yachts locally because t
    14·1 answer
  • The virginia company first sent a group of soldiers, rich gentlemen, and __________ to found a strong colony.
    15·2 answers
  • As the marketing vice president of her firm, Jana is considering implementing a companywide pricing policy that all products mus
    14·1 answer
  • Barbara Jones is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market
    13·1 answer
  • What had to develop in a society before sports and entertainment marketing made sense as a business?
    14·1 answer
  • 2. If information is disseminated, what happens to it?
    10·1 answer
  • On March 1, the Mixing Department had 550 rolls of paper in process. During March, the Mixing Department completed the mixing pr
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!