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Token price increases from $1.25 to $2.50: Ridership now declines to 25 % equivalent to 10 M less riders....Supply increases 10 % commanL con * Assume costs (accounting) increase to S 55 M and economic costs increase to S 65 M; * What is your revised PED & PES ?; Interpret Your Results ? * What are your new profit & loss values based on evaluation of both accounting & economic costs ? Are you better or worse off ?

Token price increases from $1.25 to $2.50: Ridership now declines to 25 % equivalent to 10 M less riders....Supply increases 10 % commanL con * Assume costs (accounting) increase to S 55 M and economic costs increase to S 65 M; * What is your revised PED & PES ?; Interpret Your Results ? * What are your new profit & loss values based on evaluation of both accounting & economic costs ? Are you better or worse off ?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Hi I was wondering if I could get help just to make sure my work is correct

3) Now, Change the Parameters of the Problem to include the following.....Note: Same time period (one month) * Token price increases from $1.25 to $2.50: Ridership now declines to 25 % equivalent to 10 M less riders..Supply increases 10 % commanG con * Assume costs (accounting) increase to S 55M and economic costs increase to S 65 M; * What is your revised PED & PES ?; Interpret Your Results ? * What are your new profit & loss values based on evaluation of both accounting & economic costs ? Are you better or worse off ?
Transcribed Image Text:3) Now, Change the Parameters of the Problem to include the following.....Note: Same time period (one month) * Token price increases from $1.25 to $2.50: Ridership now declines to 25 % equivalent to 10 M less riders..Supply increases 10 % commanG con * Assume costs (accounting) increase to S 55M and economic costs increase to S 65 M; * What is your revised PED & PES ?; Interpret Your Results ? * What are your new profit & loss values based on evaluation of both accounting & economic costs ? Are you better or worse off ?
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