ENGINEERING ECO ALANYSIS W/STUDY GUIDE
14th Edition
ISBN: 9780190072537
Author: NEWNAN
Publisher: Oxford University Press
expand_more
expand_more
format_list_bulleted
Question
Chapter 10, Problem 1QTC
To determine
The benefits of crowdshipping for large shippers or small scale organization.
Expert Solution & Answer
Answer to Problem 1QTC
The benefit of crowd shipping is, that it is one of the cheapest and one the fastest method of shipping.
Explanation of Solution
In crowdshipping, the courier closest to the delivery point is selected for the shipment. There are many benefits of selecting crowdshipping. Some of the benefits of crowdshipping for large shipper and or small scale organization are as follows:
- It is one of the cheapest, methods of shipping.
- It is done through social networking site, so any one can
- It will reduce annual emission of fuel.
- There will be low overhead charge in crowdshipping.
- It will reduce warehousing charges.
- It provides one day delivery or sometime even less, therefore it is very fast method of delivery.
Economics Concept Introduction
Introduction: Travelers, during his journey picks up the parcel or shipment and then deliver it. The process of delivery by an outsourced person is termed crowdshipping. In this method the customer cannot track the shipment but it is one of the cheapest methods of shipping.
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
epidemology/economics
Don't use ai to answer I will report you answer
Which of the following is true about the concept of concentration?
Group of answer choices
The lower the degree of rivalry amongst the firms, the higher the concentration.
The lower the number of firms in a market, the lower the concentration.
All of the answers are correct.
The higher the degree of rivalry amongst the firms, the lower the concentration
Chapter 10 Solutions
ENGINEERING ECO ALANYSIS W/STUDY GUIDE
Ch. 10 - Prob. 1QTCCh. 10 - Prob. 2QTCCh. 10 - Prob. 3QTCCh. 10 - Prob. 1PCh. 10 - Prob. 2PCh. 10 - Prob. 3PCh. 10 - Prob. 4PCh. 10 - Prob. 5PCh. 10 - Prob. 6PCh. 10 - Prob. 7P
Ch. 10 - Prob. 8PCh. 10 - Prob. 9PCh. 10 - Prob. 10PCh. 10 - Prob. 11PCh. 10 - Prob. 12PCh. 10 - Prob. 13PCh. 10 - Prob. 14PCh. 10 - Prob. 15PCh. 10 - Prob. 16PCh. 10 - Prob. 17PCh. 10 - Prob. 18PCh. 10 - Prob. 19PCh. 10 - Prob. 20PCh. 10 - Prob. 21PCh. 10 - Prob. 22PCh. 10 - Prob. 23PCh. 10 - Prob. 24PCh. 10 - Prob. 25PCh. 10 - Prob. 26PCh. 10 - Prob. 27PCh. 10 - Prob. 28PCh. 10 - Prob. 29PCh. 10 - Prob. 30PCh. 10 - Prob. 31PCh. 10 - Prob. 32PCh. 10 - Prob. 33PCh. 10 - Prob. 34PCh. 10 - Prob. 35PCh. 10 - Prob. 36PCh. 10 - Prob. 37PCh. 10 - Prob. 38PCh. 10 - Prob. 39PCh. 10 - Prob. 40PCh. 10 - Prob. 41PCh. 10 - Prob. 42PCh. 10 - Prob. 43PCh. 10 - Prob. 44PCh. 10 - Prob. 45PCh. 10 - Prob. 46PCh. 10 - Prob. 47PCh. 10 - Prob. 48PCh. 10 - Prob. 49PCh. 10 - Prob. 50PCh. 10 - Prob. 51PCh. 10 - Prob. 52PCh. 10 - Prob. 53PCh. 10 - Prob. 54PCh. 10 - Prob. 55PCh. 10 - Prob. 56PCh. 10 - Prob. 57PCh. 10 - Prob. 58PCh. 10 - Prob. 59PCh. 10 - Prob. 60PCh. 10 - Prob. 61PCh. 10 - Prob. 62PCh. 10 - Prob. 63PCh. 10 - Prob. 64PCh. 10 - Prob. 65P
Knowledge Booster
Similar questions
- ↑ Quiz x Chat × | Use ☑ Micr ☑ Price × b Ans × b Suco × b Anst ✓ Pow × 1.6: ✓ ECO ☑ #26 ☑ #27 ✓ #28 ✓ -0 -0 setonhall.instructure.com/courses/30968/quizzes/52774/take/questions/1035198 Question 15 2 pts Use the information contained in the graph below describing a firm operating in a competitive environment to answer the following question. If the graph described a firm that decides to produce, what would be the value of its profit, its deficit, or would it break even? $7 385 $8 $4 4 120 150 30 50 50 None of the answers are correct. #29 × N. price × | + ☆ ☑ B Relaunch to update :arrow_forward↑ Quiz: F X . ChatG × G Use th × b Answe × b Answe ☑ Micros ☑ Power × 1.6: A ☑ ECON ✓ #26 - X #27 - X #28 - X #29 - × G is mr c ×+ -o -0 setonhall.instructure.com/courses/30968/quizzes/52774/take/questions/1035213 Q ☆ B Relaunch to update : Question 9 2 pts Use the information contained in the three graphs below to answer the following question. Which of the three curves represent the MR? (A) (B) $800 $800 $800 $700 $700 $700 $600 $600 $600 $500 $500 $500 67 S S $400 $400 $400 $300 $300 $300 $200 $200 $200 $100 $100 $100 50 50 30 01 01 2 34 01 A None of the curves could be the answer. C B (C)arrow_forwardProfits will be_________? Group of answer choices High, regardless of the degree of rivalry between competitors. Low, when the degree of rivalry between competitors is low. High, when the degree of rivalry between competitors is high. Low, when the degree of rivalry between competitors is high.arrow_forward
- Not use ai pleasearrow_forwardQuestion 8 Which of the following is true about the concept of concentration? O All of the answers are correct. O O The lower the number of firms in a market, the lower the concentration. The higher the degree of rivalry amongst the firms, the lower the concentration. The lower the degree of rivalry amongst the firms, the higher the concentration. Previous 2 pts Next ->arrow_forwardQuestion 15 Price discrimination is usually defined as selling a product to different customers at The same price as costs of service are the same. Different prices even though costs of service are the same. The same price even though costs of service are different. Different prices as costs of service are different. ? 2 pts ◄ Previous Next -arrow_forward
- Question 22 2 pts Use the information contained in the three graphs below to answer the following question. Which of the three curves could display an efficiency scale? (A) 5800 $700 5600 $500 (B) $800 $700 (C) ccc $400 $300 $200 $300 $200 $100 $100 $400 $300 $300 $100 1 $800 $700 S $600 A None of the curves could be the answer. B C ◄ Previous Next ->arrow_forwardUse the information contained in the graph below to answer the following question. Which of the curves could represent marginal costs? O A C B O None of the curves could be the answer. B ◄ Previous Next ▸arrow_forwardNot use ai pleasearrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Managerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning