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Author Question: Hitz Video Rental is evaluating rental prices. Historical data show that Friday and Saturday have ... (Read 56 times)

student77

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Hitz Video Rental is evaluating rental prices. Historical data show that Friday and Saturday have twice the rentals of other days of the week. The following information pertains to the store's normal operations per week: 

Average rentals per day on Friday and Saturday1350
Average rentals per day on Sunday through Thursday600
Store hours per day12
Total units available for rent10,000
Variable operating costs per hour$43
Marketing costs per week$1900
Customer service costs per week$250

The store manager wants to charge more for rentals on Friday and Saturday. What is the minimum price that should be charged during peak rental days?
◦ $0.61
◦ $0.64
◦ $0.68
◦ $1.01


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Marked as best answer by student77 on Mar 6, 2021

dlook33

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student77

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Reply 2 on: Mar 6, 2021
Excellent


ghepp

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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