Question
Suppose Ramone's Drones maximizes profits by making local deliveries using small drones and centrally located pilots to control the drones remotely. In the markets
Suppose Ramone's Drones maximizes profits by making local deliveries using small drones and centrally located pilots to control the drones remotely. In the markets for pilots and drones, neither side has any market power - that is, they are both competitive markets. a. If drones cost Ramone $1500 each to hire, what is the marginal revenue product (MRPK) of drones? MRPK: S b. If pilots can be hired at a cost of $400 per day, what is the marginal revenue product (MRP) of the pilots? MRPL: $
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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