Recent orders
Universals fixed costs are $4.78M per month
Universals fixed costs are $4.78M per month
Universal’s fixed costs are $4.78M per month for “other fixed costs” (e.g., building rent, manager salaries, etc.) regardless of fleet size. Vehicle inventory management costs are fixed at $7.43M per month for a fleet of 21,666 cars. With the 21,666 fleet, total fixed costs for the fleet per month are $4.78M + $7.43M = $12.21M? What are total fixed costs per car per month? Per car per day? Show your calculations. Note: Answer does not depend on Scenario.
Universals supply curve
Universals supply curve
Universal’s variable cost to rent a car is $15. Assume the fleet size is fixed at 21,666. How many cars would you be willing to rent at a price of $10? $20? $50? Explain your thinking behind these answers. Note: Answer does not depend on Scenario.
Use the above answers to describe Universal’s supply curve—that is, what is the quantity supplied at various prices? Graph the supply curve, showing numbers for P and Q. Show enough points to completely define the supply curve. Note: Answer does not depend on Scenario
Universals variable cost to rent a car is $15
Universals variable cost to rent a car is $15
Universal’s variable cost to rent a car is $15. Assume the fleet size is fixed at 21,666. How many cars would you be willing to rent at a price of $10? $20? $50? Explain your thinking behind these answers. Note: Answer does not depend on Scenario.