3.4 h Rent-A-Reck Incorporated finds that it can rent 40 cars if it charges $80 for a weekend. It estimates that for each $5 price increase it will rent two fewer cars. What price should it charge to maximize its revenue? How many cars will it rent at this price?

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
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Chapter2: Graphical And Tabular Analysis
Section2.1: Tables And Trends
Problem 2TU: Suppose one canoe rents for 40,and2 is taken off the price for each additional canoe rented by a...
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3.4 h

Rent-A-Reck Incorporated finds that it can rent 40 cars if it charges $80 for a weekend. It estimates that for each $5 price increase it will rent two fewer cars. What price should it charge to maximize its revenue?
How many cars will it rent at this price?

 

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