If a bus company adds a third daily bus between 2 cities , the company's total costs will increase from $500 to $600 per day and its total revenue will increase by $150 per day. Should the company add the 3rd bus?

The bus company has 2 daily bus between two cities. He is thinking to add the third daily bus which…

Answered: If a bus company adds a third daily bus…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If a bus company adds a third daily bus between 2 cities , the company's total costs will increase from $500 to $600 per day and its total revenue will increase by $150 per day. Should the company add the 3rd bus?

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