Business
Business, 17.12.2019 06:31, pacangel

The international airport in brezuela, a vibrant city in the country of bonitas, auctions an exclusive license every year to a taxi company for the right to serve the airport's passengers. victor diego is the owner of speedy motors, the taxi company that won this year's license. currently, with average revenue at $2 per mile, speedy motors earns marginal revenue of $1 per mile. since there are no other taxis available at the airport, victor feels that they can increase profits by increasing fares. however, his daughter, lola diego, a student of economics, disagrees with him and says that a hike in fares will decrease profits. which of the following, if true, would strengthen lola's argument? a. the current fare that speedy motors charges is higher than what taxi services in the city charge. b. feedback surveys at the airport show that consumers prefer taking taxis to riding buses because they are faster. c. the demand for taxis at the brezuela airport is consistently high throughout the day. d. speedy motors operates similar airport taxi services in other cities as well. e. speedy motors currently operates at the point where the marginal cost incurred per mile is equal to the marginal revenue earned per mile.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 19:30, Ruby2480
One of the benefits of a well designed ergonomic work environment is low operating costs is true or false
Answers: 3
image
Business, 22.06.2019 20:20, dd123984
Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.
Answers: 2
image
Business, 22.06.2019 23:20, chrisgaz14
Suppose you manage an upscale restaurant in new york city. would involve writing employee schedules and a list of things to do for the chef and other kitchen staff
Answers: 3
image
Business, 23.06.2019 00:20, wwesuplexcity28
E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability
Answers: 3
Do you know the correct answer?
The international airport in brezuela, a vibrant city in the country of bonitas, auctions an exclusi...

Questions in other subjects:

Konu
History, 08.07.2019 00:30