What atm fee should the bank charge

Assignment Help Econometrics

Reference no: EM13201585

A bank in a medium sized midwestern city, Firm X, currently charges $1 per transaction at its ATM's. To determine whether to raise price, the bank managers experimented with a number of higher prices(in 25-cen increments) at selected ATM's. The marginal cost of an ATM transaction is $0.50.
What ATM fee should the bank charge?

Reference no: EM13201585

Questions Cloud

Explain the quadratic formula to solve mathematically : If the distance the car traveled after applying the brakes equals 20 feet, what does that mean to the officer investigating the accident? (HINT: Let d = 20, bring 20 to the right so that the equation equals zero, identify the coefficients, A, B an..

How far down does the top of the ladder : 25-ft ladder stands vertically against a wall. The lower end is pulled a distance of 7 feet away from the wall. How far down does the top of the ladder move if it is now 14ft away from the building.

What is the measure of the fourth angle : the measures of three of the angles of a quadrilateral are 67 degrees 112 degrees and 55 degrees. what is the measure of the fourth angle?

How far directly north of site b should a second explosion : How far directly north of site B should a second explosion be done so that the measured time difference recorded by the devices is the same as that for the first detonation?

What atm fee should the bank charge : A bank in a medium sized midwestern city, Firm X, currently charges $1 per transaction at its ATM's. To determine whether to raise price, the bank managers experimented with a number of higher prices(in 25-cen increments)

How to compute sum of money into a savings account : Suppose that in 30 years you want to accumulate a balance of $350,000. You deposit a sum of money into a savings account that earns an APR of 5.5% compounded monthly

How long is the longer side of the larger rectangle : A rectangle with an area of 32insq. has one side measuring 4in. A similar rectangle has an area of 288in squared. How long is the longer side of the larger rectangle?

Socioeconomic and political organization of the society : Why monumental architecture is unique to cities. What do such displays imply about the socioeconomic & political organization of the society that created it?

What overall dimensions will minimize the amount of paper : you are designing a rectangular poster to contain 256 inches squared with a 3 inch margin at the top and bottom and a 2 inch margin at each side. What overall dimensions will minimize the amount of paper used ?

User Account

All Pages