operate his business as long as he rents at least 7 boats per month. operate his

Question

       operate his business as long as he rents at least 7 boats per month.
       operate his business as long as he rents at least 1 boat per month.
       operate his business as long as he rents all 10 boats each month.
       raise the price he charges per boat rental.

32. Bill 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 off season, Bill should (Points : 5)

Explanation / Answer

b. operate his business as long as he rents at least 1 boat per month.

is the correct answer

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