Details of this Paper

question:A bank in a medium-sized midwestern city

Description

solution


Question

question:A bank in a medium-sized midwestern city, Firm X, currently charges $1 per transaction at its ATMs. To determine whether to raise price, the bank manager experimented with a number of higher prices (in 25-cent increments) at selected ATMs. The marginal cost of an ATM transaction is $.050. What ATM fee should the bank charge?;ATM fee Usage;$2.00 1,000;1.75 1,500;1.50 2,000;1.25 2,500;1.00 3,000

 

Paper#30705 | Written in 18-Jul-2015

Price : $22
SiteLock