Question: Use yield management concept to solve a problem and calculate the yield for Ruffs Boarding Kennel. In your answers, please make sure that you show
Use yield management concept to solve a problem and calculate the yield for Ruffs Boarding Kennel. In your answers, please make sure that you show the steps of your calculation.
During June, July, August, November, and December, each of the cages at Ruff's Boarding Kennel is booked. Ruff's has 45 large dog cages. It charges $7 per day to board a large dog, but during the other months, business is slow. Ruff's charges $6 per day for 25 of its cages and its regular price for the rest. On September 14th, Ruff's had all of its $6 per day filled and half of its $7 per day cages full. Calculate the kennel's yield for that night.
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