Question
the ats railroad runs a freight train daily between chicago and st louis. two major groups of customers use this service: beef distributors and wheat
the ats railroad runs a freight train daily between chicago and st louis. two major groups of customers use this service: beef distributors and wheat growers. The demand for freight car is given by the following equations: Qb=50-0.125Pb for the beef distributors and qw=60-0.2Pw for wheat growers
p is the price charged by ats for hauling one freight car of materials between chicago and st louis and q is the number of freight cars demanded by each user.its total cost function is STC=5000+80Q where Q is the number of freight cars hauled on a particular trip
determine the quantity it should see each group of customers and what prices will be charged.
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