Juan is going to rent a truck for one day. There are two companies he can choose
Fantastic news! We've Found the answer you've been seeking!
Question:
Juan is going to rent a truck for one day. There are two companies he can choose from, and they have the following prices.
Company A has no initial fee but charges 80 cent for every mile driven.
Company B charges an initial fee of $65 and an additional 60 cents for every mile driven.
For what mileages will Company A charge at least as much as Company B?
Use m for the number of miles driven, and solve your inequality for m.
Related Book For
Managerial Economics and Organizational Architecture
ISBN: 978-0073523149
6th edition
Authors: James Brickley, Clifford W. Smith Jr., Jerold Zimmerman
Posted Date: