Man Moving Company, Dave and his two brothers, Martin and

Man Moving Company

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Reference no: EM133969854

Question

Dave and his two brothers, Martin and Shawn, go to Rice during the week and rent a UHaul to run a "3-Man Moving Company" on the weekends. The brothers charge $125 per hour for their services (this includes the truck rental).

a. The three brothers do not have any jobs in hand for the upcoming weekend. But just then the telephone rings, and a potential customer (Josh McCown) offers $100 per hour for an eight hour job to be completed by the end of Saturday. Are Dave and his brothers dealing with an excess supply or excess demand situation? [ Select ] Should they accept the job at the $100 rate? [ Select ]

b. Referring to part (a) above, moments later the telephone rings again and a second customer (JJ Watt) offers $125 per hour for a five hour job also to be completed the same day. Dave and his brothers realize that they can take only one of the two jobs. Are Dave and his brothers dealing with an excess supply or excess demand situation? [ Select ]

Assuming that McCown is firm with the rate, which job should they choose?

Reference no: EM133969854

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