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In each of the following problems, clear...

In each of the following problems, clearly state what the relevant and irrelevant factors are while going through Steps 1, 2 and 3 given in this chapter :- Suppose a company needs a computer for some period of time. The company can either hire a computer for Rs 2,000 per month or buy one for Rs 25,000. If the company has to use the computer for a long period, the company will pay such a high rent, that buying a computer will be cheaper. On the other hand, if the company has to use the computer for say, just one month, then hiring a computer will be cheaper. Find the number of months beyond which it will be cheaper to buy a computer.

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