6. 10 points You plan to start a new business which will rent "boats" (i.e. canoes and kayaks)to people to travel 10km down a lake in Ontario. You have $45,000 to purchase the total number of boats. Canoes cost $600 each to buy and kayaks cost $750 each to buy. Your storage facility has a capacity of 65 boats, hence this is the largest number you can buy. Each canoe rents for $25 a day and each kayak rents for $30 a day. When you find the number of canoes and kayaks you should buy that maximize the daily revenue, what is that maximum daily revenue? (A) $1,825 (B) $1, 725(C) (C) $1, 800 D) $2,060 (E) None of (A) - (D).

Solved: 6. 10 points You plan to start a new business which will rent "boats"

Home
questions and answers
6 10 points you plan to start a new business which will rent boats ie

Question

6. 10 points You plan to start a new business which will rent "boats" (i.e. canoes and kayaks)to people to travel 10km down a lake in Ontario. You have $45,000 to purchase the total number of boats. Canoes cost $600 each to buy and kayaks cost $750 each to buy. Your storage facility has a capacity of 65 boats, hence t