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The College of Business is deciding between two photocopier options. The first is to lease a high-end machine for $8,400/year. The lease is all-inclusive so
The College of Business is deciding between two photocopier options. The first is to lease a high-end machine for $8,400/year. The lease is all-inclusive so the only additional costs are the cost of paper, which is $0.014/sheet. The other option is to purchase a machine. The cost is $5,000 and the per sheet cost increases (toner, maintenance) to $0.037. At what volume is the College indifferent between the two options? Round your answer to two decimals
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