PUP 48,213 UST 40,000 FEU 27,889 LRT2 200,000 passengers daily If 60% of PUP, 30% of UST, and 85% of FEU students take LRT2 daily and pays an average fare of Php25 per day… What is the total annual market size (revenue) of LRT2? What is the total annual market size (revenue) of the 3 schools? If operations is halted for 1 week, what is the projected loss in revenues? What is the market share (volume) of: PUP students? UST students? Feu students?
PUP 48,213 UST 40,000 FEU 27,889 LRT2 200,000 passengers daily If 60% of PUP, 30% of UST, and 85% of FEU students take LRT2 daily and pays an average fare of Php25 per day… What is the total annual market size (revenue) of LRT2? What is the total annual market size (revenue) of the 3 schools? If operations is halted for 1 week, what is the projected loss in revenues? What is the market share (volume) of: PUP students? UST students? Feu students?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
PUP 48,213 UST 40,000
FEU 27,889
LRT2 200,000 passengers daily
If 60% of PUP, 30% of UST, and 85% of FEU students take LRT2 daily and pays an average fare of Php25 per day…
What is the total annual market size (revenue) of LRT2?
What is the total annual market size (revenue) of the 3 schools?
If operations is halted for 1 week, what is the projected loss in revenues?
What is the market share (volume) of: PUP students? UST students? Feu students?
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