Question
Lisa is considering adding ferry services between June Island and Starfish Island. Lisa can rent ferries on a monthly basis at $3,200 per ferry, per
Lisa is considering adding ferry services between June Island and Starfish Island. Lisa can rent ferries on a monthly basis at $3,200 per ferry, per month. Each ferry can accommodate 75 passengers, and can make 8 one-way trips a day, 30 days a month. Lisa decides to charge $6 per one-way ride.
Lisa has the following costs:
Ticket processing: $.50 per passenger
Taxes: $.80 per passenger
Fuel: $105.00 per one-way trip
Crew Salaries: $60.00 per one-way trip
Ferry Cleaning: $25.00 per one-way trip
Shore costs vary with the number of ferries in the following manner:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started