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Chapter 27: Q. 2- For Critical Thinking (page 617)

Why do you think that many firms with lengthy truck routes now try to recruit married couples to drive their trucks?

Short Answer

Expert verified

The majority of companies with lengthy truck routes consider hiring married couples to drive their trucks. so they're more accountable and committed to their work.

Step by step solution

01

Introduction.

This 3,365-mile coast-to-coast path from Newport, Oregon to Boston, Massachusetts is the longest in the United States.

02

Benefits of Route planning.

The following are some of the most significant advantages of route planning.

  • The planning of routes is more efficient.
  • Demand has grown.
  • Time and distance have been cut.
  • Contact center calls have decreased.
03

Explanation.

Most of the firms with lengthy truck routes is to recruit married couples to drive their trucks. because, they are responsible and more passionate in their work.

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Most popular questions from this chapter

Suppose that a business has developed a very high quality product and operates more efficiently in producing that product than any other potential competitor. As a consequence, at present it is the only seller of this product, for which there are few close substitutes. Is this firm in violation of U.S. antitrust laws? Explain.

The table below depicts the cost and demand structure a natural monopoly faces.

a. Calculate total revenues, marginal revenue, and marginal cost at each output level. If this firm is allowed to operate as a monopolist, what will be the quantity produced and the price charged by the firm? What will be the amount of monopoly profit? [Hint: Recall that marginal revenue equals the change in total revenues (P脳Q)from each additional unit and that marginal cost equals the change in total costs from each additional unit.]

b. If regulators require the firm to practice marginal cost pricing, what quantity will it produce, and what price will it charge? What is the firm's profit under this regulatory framework? [Hint: Recall that average total cost equals total cost divided by quantity and that profits equal (P-ATC)脳Q.].

c. If regulators require the firm to practice average cost pricing, what quantity will it produce, and what price will it charge? What is the firm's profit under this regulatory framework?

What would happen to electric companies' profits if regulators were to require them to set the price of electricity equal to the marginal cost of providing each unit of power?

Suppose that a firm's self-interested owners or managers have no moral or ethical qualms and do not anticipate being caught if they agree to participate in a collusive conspiracy. Why might they still decide not to do so if only a moderate revenue gain would result? (Hint: How would engaging in the collusion techniques listed in Figure 27-4affect a conspiring firm's total costs?)

Manufacturing firms based in Columbus, Ohio, and Erie, Pennsylvania, have proposed a merger. If they were to merge, the resulting value of the Herfindahl-Hirschman Index in the nationwide market for the product they produce would rise from 1,400 to 1,800. Under current U.S. antitrust guidelines, would this proposed merger raise concerns for the U.S. Justice Department or Federal Trade Commission?
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