Task 1: Transport pricing Description: An export-importing shipping company operates a general cargo carrier service between Melbourne and other Asian ports. It hauls two major types of freight: manufactured items (sub market 1) and semi-manufactured raw materials (sub market 2). The demand function for manufactured items is given by: - 1 - 1 = 55 − 0.5 1 The inverse demand function for raw materials is given by: 2 = 80 − 2 Finally, the to ...
