As the owner of a rent-a-car agency,you have determined the following statistics: The gross profit is $40 per car per day rented.When there is demand for a car but none is available,there is a goodwill loss of $80 and the rental is lost.Each day a car is unused costs you $5 per car.Your firm initially has four cars.

Question

As the owner of a rent-a-car agency,you have determined the following statistics:  The gross profit is $40 per car per day rented.When there is demand for a car but none is available,there is a goodwill loss of $80 and the rental is lost.Each day a car is unused costs you $5 per car.Your firm initially has four cars.

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The Answer of As the owner of a rent-a-car agency,you have determined the following statistics:  The gross profit is $40 per car per day rented.When there is demand for a car but none is available,there is a goodwill loss of $80 and the rental is lost.Each day a car is unused costs you $5 per car.Your firm initially has four cars.

As the Owner of a Rent-A-Car Agency,you Have Determined the Following