A hotel rents 200 rooms at a rate of $40 per day. For each $1 increase in the rate, two fewer rooms are rented. Find the room rate that maximizes daily revenue. The rate that maximizes revenue is S TIP Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Enter DNE for Does Not Exist, oo for Infinity

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section2.7: More On Inequalities
Problem 44E
icon
Related questions
Question

30.

A hotel rents 200 rooms at a rate of $40 per day. For each $1 increase in the rate, two fewer rooms are rented. Find
the room rate that maximizes daily revenue.
The rate that maximizes revenue is S
TIP
Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
Enter DNE for Does Not Exist, oo for Infinity
Transcribed Image Text:A hotel rents 200 rooms at a rate of $40 per day. For each $1 increase in the rate, two fewer rooms are rented. Find the room rate that maximizes daily revenue. The rate that maximizes revenue is S TIP Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Enter DNE for Does Not Exist, oo for Infinity
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage