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Consider rental cars in two price segments: the business-traveler class offering one-day rentals for $100,...

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Question

Accounting

Consider rental cars in two price segments: the business-traveler class offering one-day rentals for $100, and the personal-traveler class offering one-day rentals for $60. Assume the rental-car agency has 50 cars available and reserves 22 cars for business travelers. The accompanying chart shows the demand for each customer segment throughout any given day. After condition 8, how many cars are left on the lot? Use the table below to show the details of your analysis.

Condition

Booking Limit

Protection Level

Action

Cars Rented

Price Class

Business

$100

Personal

$60

Business

$100

Personal

$60

Business

$100

Personal

$60

Total

1

2

3

4

5

6

7

8

9

10

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