Question
Baird Camps, Inc. leases the land on which it builds camp sites. Baird is considering opening a new site on land that requires $4,000 of
Baird Camps, Inc. leases the land on which it builds camp sites. Baird is considering opening a new site on land that requires $4,000 of rental payment per month. The variable cost of providing service is expected to be $6 per camper. The following chart shows the number of campers Baird expects for the first year of operation of the new site: Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Total 530 450 560 580 940 720 910 870 610 590 710 530 8,000 Required Assuming that Baird wants to earn $7 per camper, determine the price it should charge for a camp site in February and August. (Do not round intermediate calculations.)
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