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4-2 Game Day Shuttle ServiceYou run a game day shuttle service for parkingservices for the local...

4-2 Game Day Shuttle ServiceYou run a game day shuttle service for parkingservices for the local ball club. Your costs for dif-ferent customer loads are 1: $30, 2: $32, 3: $35,4: $38, 5: $42, 6: $48, 7: $57, and 8: $68. Whatare your marginal costs for each customer loadlevel? If you are compensated $10 per ride,what customer load would you want?

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Answer #1

Answer:

Please find table for TR, MR, TC and MC

Customer Price = MR Total Revenue Total Cost MC
1 10 10 30
2 10 20 32 2
3 10 30 35 3
4 10 40 38 3
5 10 50 42 4
6 10 60 48 6
7 10 70 57 9
8 10 80 68 11

At customer load 7 MR > MC and after 8th customer MR < MC.

Thus 7 customer load will maximize the profit

7 customer load will be preferred

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