*7. Leon is a rock climbing enthusiast, and is considering getting a membership at a new rock climbing gym. Today, Leon climbs at a different gym where on a weekly basis, it costs him $18 per climb for the first three climbs, $8 per climb for the next three climbs, and $5 per climb for any subsequent climbs that week. The cost of the membership at the new gym is $25 a week, regardless of how many times Leon climbs at the gym. The new gym Leon is considering would also require a locker rental fee of $8 per climb. Leon knows that based on the amount he climbs today (approximately 4x per week), it makes more financial sense to move to the membership, however he wants to understand what might happen if he changes his climbing frequency. When will it no longer make financial sense for Leon to move to the membership option? O If he climbs less than three times a week O If he climbs more than seven times a week If he climbs less than three times a week and more than six times a week If he climbs less than three times a week and more than seven times a week

*7. Leon is a rock climbing enthusiast, and is considering getting a membership at a new rock climbing gym. Today, Leon climbs at a different gym where on a weekly basis, it costs him $18 per climb for the first three climbs, $8 per climb for the next three climbs, and $5 per climb for any subsequent climbs that week. The cost of the membership at the new gym is $25 a week, regardless of how many times Leon climbs at the gym. The new gym Leon is considering would also require a locker rental fee of $8 per climb. Leon knows that based on the amount he climbs today (approximately 4x per week), it makes more financial sense to move to the membership, however he wants to understand what might happen if he changes his climbing frequency. When will it no longer make financial sense for Leon to move to the membership option? O If he climbs less than three times a week O If he climbs more than seven times a week If he climbs less than three times a week and more than six times a week If he climbs less than three times a week and more than seven times a week

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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