Final answer:
The Marginal Revenue Product (MRP) for a driver is $1200 per day. Introducing a supervisor costs the company $300 per vehicle per day without increasing deliveries. To maintain profit, the price per package would need to be raised to $25.
Step-by-step explanation:
The student's question involves calculating the marginal revenue product (MRP) for drivers and supervisors as well as changes in firm profits and pricing strategies under different scenarios related to employment and wages within a delivery company.
a. MRP per driver per day
The MRP per driver per day can be calculated by multiplying the number of packages delivered by the price per package. Since each driver delivers 60 packages per day at $20 each, the MRP per driver is 60 packages × $20/package = $1200 per day.
b. MRP per supervisor and profit changes
If supervisors are introduced at a cost of $300 per day with no change in the number of packages delivered, the MRP per supervisor per day would be $0, as their presence does not increase the output.
The introduction of supervisors reduces profits by the cost of the supervisor, which is $300 per vehicle per day.
c. Packages per day for the same profit
To maintain the firm's profit per vehicle after the introduction of supervisors without changing the price, the company would need to deliver enough packages to cover the supervisor's cost.
This is not possible given the unchanged delivery count of 60 packages per day.
d. New price to maintain profit
If the number of packages delivered cannot increase, the firm would need to raise the price by the cost of the supervisor divided by the number of packages. The new price per package would be ($300 supervisor cost / 60 packages) + $20 original price = $25 per package.