A car leasing agency purchases new car every year was use in the agency.The car cost$15,000 new.They are use for 3 years, after which they are sold for $4,500.The owner of the agency estimate that the variable cost of operating the car, exculsive of gasoline,are$0.18 per mile.cars are leased for a flat fee of $0.33per mile(gasoline not included)
(a)Formulate the total revenue function associated with renting one of the cars for a total of x miles over a 3 year period.
(b)Formulate the total cost function associated with renting a car for a total of x miles over 3 years.
(c)Formulate the profit function.
(d)What is profit if a car is leased for 60,000 miles over a 3-year period?
(e)what mileage is required in order to earn zero profit for 3 years?
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