11. A hotel in South Carolina is able to rent all of its 300 rooms at a rent of $80 per room. For every $1 increase in price, 3 fewer rooms are rented. How much should the hotel rent each room to get the maximum revenue? At this price, how many rooms are rented?
11. A hotel in South Carolina is able to rent all of its 300 rooms at a rent of $80 per room. For every $1 increase in price, 3 fewer rooms are rented. How much should the hotel rent each room to get the maximum revenue? At this price, how many rooms are rented?
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Transcribed Image Text:11. A hotel in South Carolina is able to rent all of its 300 rooms at a rent of $80 per
room. For every $1 increase in price, 3 fewer rooms are rented. How much should the
hotel rent each room to get the maximum revenue? At this price, how many rooms are
rented?
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