A car rental agency rents 210 cars per day at a rate of 31 dollars per day. For each 1 dollar increase in the daily rate, 5 fewer cars are rented. At what rate should the cars be rented to produce the maximum income, and what is the maximum income?

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Q: A university student is offered a choice of jobs for the summer months (16 weeks). Job A pays $400 a…

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Q: When a management training company prices its seminar on management techniques at $400 per person,…

A: Finding the Absolute Maximum Revenue:Finding the exact price that maximizes revenue might require…