Pricing ATM Machines, Microeconomics

Assignment Help:
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 managers experimented with a number of higher prices (in 25-cent increments) at selected ATMs. The marginal cost of an ATM transaction is $0.50.
ATM Fee Usage
$2.00 1,000
$1.75 1,500
$1.50 2,000
$1.25 2,500
$1.00 3,000
What ATMfee should the bank charge?

Related Discussions:- Pricing ATM Machines

Determine the economic order quantity, Question: Describe the meaning o...

Question: Describe the meaning of ABC inventory control and on what key premise is this system based? The finance department of Electric Corporation gathered the following i

Cost sharing in higher education - graduate tax, Cost Sharing in Higher Edu...

Cost Sharing in Higher Education - Graduate Tax Another commonly suggested measure is to tax the employers employing educated manpower. The case for this method is made on the

Determine the dividend yield and current stock price, The Bloomington Elect...

The Bloomington Electric Company operates in a stable industry and therefore has predictable dividend growth of 8% per year. The most recent annual dividend was paid yesterday in t

Slope of isoquent, Where the equation of isoquent drived from?

Where the equation of isoquent drived from?

Calculating ratios from annual report, i need to find Profitability, Earnin...

i need to find Profitability, Earning capacity, Capital structure, Robustness from annual reports. Not a long job..

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd