Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose that you've set up a business selling non- specialized home services (light carpentry, cleaning, and the like) for two hours to those who
Suppose that you've set up a business selling non- specialized home services (light carpentry, cleaning, and the like) for two hours to those who live in your region. You've determined that the market bears a price of $150 for this service. Supposed you've now determined that (1) to discourage canceled appointments, some amount of the $150 needs to be considered a non-refundable charge and (2) you wish to offer a variety of appointment durations (total time length) and increments - specifically: quarter-hour increments will be acceptable. Decide a non-refundable amount you will charge per appointment. Then construct a function that takes as its input the number of quarter-hours an appointment takes and gives as its output the price. The function you construct must be consistent with the two-hour appointment having a price of $150. Vary the non-refundable amount, at least three times. What effect does the size of the non-refundable amount have on the total price as job duration varies?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started