Order the answer to: A company is considering building a bridge across a river.

Best Writers business-economics Order the answer to: A company is considering building a bridge across a river.

business-economics

Order the answer to: A company is considering building a bridge across a river.

Question A company is considering building a bridge across a river. The bridge would cost $2 million to build and nothing to maintain. Number of Crossings, Price per Crossing in Thousands $8……….. 0 7……….. 100 6……….. 200 5……….. 300 4……….. 400 3……….. 500 2……….. 600 1……….. 700 0……….. 800 The following table shows the company‚Äôs anticipated demand over the lifetime of the bridge: a. If the company were to build the bridge, what would be its profit-maximizing price? Would that be the efficient level of output? Why or why not? b. If the company is interested in maximizing profit, should it build the bridge? What would be its profit or loss? c. If the government were to build the bridge, what price should it charge? d. Should the government build the bridge? Explain
Subject business-economics
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