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A builder must decide whether to rent or buy an excavating machine. If he were to rent the machine, the rental fee would be $3000
A builder must decide whether to rent or buy an excavating machine. If he were to rent the machine, the rental fee would be $3000 per month (on a yearly basis), and the daily cost (gas, oil, and driver) would be $180 for each day the machine is used. If he were to buy it, his fixed annual cost would be $20,000, and daily operating and maintenance costs would be $230 for each day the machine is used. What is the least number of days each year that the builder would have to use the machine to justify renting it rather than buying it
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