prepare a report summarizing your findings for the recruitment cost per hire and yield ration for each type of recruiting method
EC 231 COST FUNCTIONS TRANSPORTATION CASE Background A women owned an independent transportation company on the west coast of the United States. She then married a fellow trucker who helped her managed the company. Here are the data of the basic operations for 2019: The average cost of diesel fuel in the U.S. for 2019 is roughly about $2.89/gal. One gallon of fuel will take an 18 wheeler an average of 7 ton miles The company has one long distance (18 wheeler) truck and other smaller trucks for local work The company had to replace the engine on its 18 wheeler at a cost of $13,000. The payments were arranged as a series of equal installments Based on fuel conversions and calculations, it costs the company 4128580517 mile in fuel to operate the larger 18 wheeler The owner claims that the 18 wheeler earns about $150,000/ year in TR Assignment 1) Specify a cost function that captures all needed information 2) Provide a cost table that contains some measure of quantity (Q), TC, FC, VC, ATC, and MC 3) Given the following distances: 500 miles, 25000 miles, 100,000 miles, 242, 214,300,000 miles. How many miles must the 18 wheeler to earn $100,000? 4) Use the result in 3) to complete your cost function 5) Given what you know about your data, what price should you at least at a minimum charge your customers? 6) How much profit does the company earn by operating the 18 wheeler? NOTE: 1) This assignment is due on THURSDAY: 2) PLEASE SUBMIT A NEATASSIGNMENT, 3) I WILL NOT ACCEPT YOUR ASSIGNMENT IF IT IS NOT NEAT, CLEAN, AND ORGANIZED. IF NEED HELP, STOP BY THE OFFICE OR SEND AN E-MAIL EC 231 COST FUNCTIONS TRANSPORTATION CASE Background A women owned an independent transportation company on the west coast of the United States. She then married a fellow trucker who helped her managed the company. Here are the data of the basic operations for 2019: The average cost of diesel fuel in the U.S. for 2019 is roughly about $2.89/gal. One gallon of fuel will take an 18 wheeler an average of 7 ton miles The company has one long distance (18 wheeler) truck and other smaller trucks for local work The company had to replace the engine on its 18 wheeler at a cost of $13,000. The payments were arranged as a series of equal installments Based on fuel conversions and calculations, it costs the company 4128580517 mile in fuel to operate the larger 18 wheeler The owner claims that the 18 wheeler earns about $150,000/ year in TR Assignment 1) Specify a cost function that captures all needed information 2) Provide a cost table that contains some measure of quantity (Q), TC, FC, VC, ATC, and MC 3) Given the following distances: 500 miles, 25000 miles, 100,000 miles, 242, 214,300,000 miles. How many miles must the 18 wheeler to earn $100,000? 4) Use the result in 3) to complete your cost function 5) Given what you know about your data, what price should you at least at a minimum charge your customers? 6) How much profit does the company earn by operating the 18 wheeler? NOTE: 1) This assignment is due on THURSDAY: 2) PLEASE SUBMIT A NEATASSIGNMENT, 3) I WILL NOT ACCEPT YOUR ASSIGNMENT IF IT IS NOT NEAT, CLEAN, AND ORGANIZED. IF NEED HELP, STOP BY THE OFFICE OR SEND AN E-MAIL
