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4 October, 06:36

John operates a boat rental business in a competitive industry. He owns 10 boats and pays $1,000 per month on the loan that he took out to buy them. He rents each boat for $200 per month. The variable cost for each boat rental is $50. In the offseason, John should

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  1. 4 October, 06:59
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    in the off season he should operate as long as he rent one boat for one month

    Explanation:

    Given dа ta:

    number of boat 10

    rent cost for 1 boat $200

    variable cost is $50

    in the off season he should operate as long as he rent one boat for one month. the reason behind this is that at this condition variable cost is less than cost for rent. As long as he rent one boat for a month the variable cost remain less than the rent cost of boat
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Home » Business » John operates a boat rental business in a competitive industry. He owns 10 boats and pays $1,000 per month on the loan that he took out to buy them. He rents each boat for $200 per month. The variable cost for each boat rental is $50.
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