Owners of a car rental company that charges customers between $95 and $200 per day have determined that the number of cars rented per day n can be modeled by the linear function n(p)=800−4p, where p is the daily rental charge. How much should the company charge each customer per day to maximize revenue? Do not include units or a dollar sign in your answer.

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Asked Apr 12, 2019
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Owners of a car rental company that charges customers between $95 and $200 per day have determined that the number of cars rented per day n can be modeled by the linear function n(p)=800−4p, where p is the daily rental charge. How much should the company charge each customer per day to maximize revenue? Do not include units or a dollar sign in your answer.

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Expert Answer

Step 1

The number of cars rented per day n can be modeled by the linear function n(p)=800-4p where p is the daily rental charge.

The revenue is a multiplication of n(p) and p.

 

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Step 2

In order to find the critical point, th...

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Math

Calculus

Derivative

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