Masum Adel
New member
A car leasing agency purchases new car each year for use in the agency.The car cost tk15000 new. They are use for 3 years, after which they are sold for tk4500. The owner of the agency estimates that the variable costs of operating the cars, exclusive gasoline, are tk0.18 per mile. Cars are leased for a flat fee of tk0.33 per mile (gasoline not included).
1. Formulate the total revenue function associated with renting one of the cars a total of X miles over a 3 year period
1. Formulate the total revenue function associated with renting one of the cars a total of X miles over a 3 year period