Master degree economics question need it in 24 hours
Year Weekly Riders (1,000s) Price per Ride (Cents) Population (1,000s) Income ($s) Parking Rate (Cents)
1966 1200 15 1800 2900 50 1967 1190 15 1790 3100 50 1968 1195 15 1780 3200 60 1969 1110 25 1778 3250 60 1970 1105 25 1750 3275 60 1971 1115 25 1740 3290 70 1972 1130 25 1725 4100 75 1973 1095 30 1725 4300 75 1974 1090 30 1720 4400 75 1975 1087 30 1705 4600 80 1976 1080 30 1710 4815 80 1977 1020 40 1700 5285 80 1978 1010 40 1695 5665 85 1979 1010 40 1695 5800 100 1980 1005 40 1690 5900 105 1981 995 40 1630 5915 105 1982 930 75 1640 6325 105 1983 915 75 1635 6500 110 1984 920 75 1630 6612 125 1985 940 75 1620 6883 130 1986 950 75 1615 7005 150 1987 910 100 1605 7234 155 1988 930 100 1590 7500 165 1989 933 100 1595 7600 175 1990 940 100 1590 7800 175 1991 948 100 1600 8000 190 1992 955 100 1610 8100 200
Q TC FC VC ATC AFC AVC MC P = MR
500 100,000$ 245,000$ XXX
600 354,000
700 483,000
800 632,000
900 801,000
1,000 990,000
1,100 1,199,000