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Maximize revenue Question A car rental company charges its customers p dollars per day to rent a car, where 45 < p < 200. The number of cars rented per day can be modeled by the linear function n(p) = 800 – 4p. How much should the company charge each customer per day to maximize revenue? Do not include units or a dollar sign in your answer. Provide your answer below: Find the economic lot or economic order quantity Size which minimizes total cost Question A company produces and sells 10, 125 desks each year. Each production run has a fixed cost of $500 and an additional cost of $15 per desk. To store a desk for a full year costs $8. What is the optimal number of desks the company should make during each production run? Do not include units with your answer. Provide your answer below:

Maximize revenue Question A car rental company charges its customers p dollars per day to rent a car, where 45 < p < 200. The number of cars rented per day can be modeled by the linear function n(p) = 800 – 4p. How much should the company charge each customer per day to maximize revenue? Do not include units or a dollar sign in your answer. Provide your answer below: Find the economic lot or economic order quantity Size which minimizes total cost Question A company produces and sells 10, 125 desks each year. Each production run has a fixed cost of $500 and an additional cost of $15 per desk. To store a desk for a full year costs $8. What is the optimal number of desks the company should make during each production run? Do not include units with your answer. Provide your answer below:

Elementary Linear Algebra (MindTap Course List)
Elementary Linear Algebra (MindTap Course List)
8th Edition
ISBN:9781305658004
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Determinants
Section3.4: Applications Of Determinants
Problem 61E: Software Publishing The table shows the estimate revenues in billions of dollars of software...
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Maximize revenue Question A car rental company charges its customers p dollars per day to rent a car, where 45 < p < 200. The number of cars rented per day can be modeled by the linear function n(p) = 800 – 4p. How much should the company charge each customer per day to maximize revenue? Do not include units or a dollar sign in your answer. Provide your answer below:
Transcribed Image Text:Maximize revenue Question A car rental company charges its customers p dollars per day to rent a car, where 45 < p < 200. The number of cars rented per day can be modeled by the linear function n(p) = 800 – 4p. How much should the company charge each customer per day to maximize revenue? Do not include units or a dollar sign in your answer. Provide your answer below:
Find the economic lot or economic order quantity Size which minimizes total cost Question A company produces and sells 10, 125 desks each year. Each production run has a fixed cost of $500 and an additional cost of $15 per desk. To store a desk for a full year costs $8. What is the optimal number of desks the company should make during each production run? Do not include units with your answer. Provide your answer below:
Transcribed Image Text:Find the economic lot or economic order quantity Size which minimizes total cost Question A company produces and sells 10, 125 desks each year. Each production run has a fixed cost of $500 and an additional cost of $15 per desk. To store a desk for a full year costs $8. What is the optimal number of desks the company should make during each production run? Do not include units with your answer. Provide your answer below:
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