Dave rents kayaks to customers at a large recreational lake. When he charges $25 per hour, 15 kayaks are rented. When he charges $10 per hour, 45 kayaks are rented. Assuming a linear relationship between the hourly charge and the number of kayaks rented, how much should Dave charge the guests to maximize revenue? What is the maximum revenue that can be generated?
Dave rents kayaks to customers at a large recreational lake. When he charges $25 per hour, 15 kayaks are rented. When he charges $10 per hour, 45 kayaks are rented. Assuming a linear relationship between the hourly charge and the number of kayaks rented, how much should Dave charge the guests to maximize revenue? What is the maximum revenue that can be generated?
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
Related questions
Question
Dave rents kayaks to customers at a large recreational lake. When he charges $25 per hour, 15 kayaks are rented. When he charges $10 per hour, 45 kayaks are
rented. Assuming a linear relationship between the hourly charge and the number
of kayaks rented, how much should Dave charge the guests to maximize revenue?
What is the maximum revenue that can be generated?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
Recommended textbooks for you
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University