A car rental agency rents 300 cars per day at a rate of $55 per day. For each $1 increase in the per-day rate, 3 fewer cars are rented. They want to know what price they should rent at to maximize their revenue. Help them get started by setting up the revenue equation. You do not need to find the optimal price, just set up the revenue equation. Use as your variable, but in your work be sure to define what represents. Revenue =
A car rental agency rents 300 cars per day at a rate of $55 per day. For each $1 increase in the per-day rate, 3 fewer cars are rented. They want to know what price they should rent at to maximize their revenue. Help them get started by setting up the revenue equation. You do not need to find the optimal price, just set up the revenue equation. Use as your variable, but in your work be sure to define what represents. Revenue =
Chapter7: Systems Of Equations And Inequalities
Section7.1: Systems Of Linear Equations: Two Variables
Problem 2SE: If you are performing a break-even analysis for a business and their cost and revenue equations are...
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Transcribed Image Text:A car rental agency rents 300 cars per day at a rate of $55 per day. For each $1 increase in the per-day
rate, 3 fewer cars are rented. They want to know what price they should rent at to maximize their
revenue. Help them get started by setting up the revenue equation.
You do not need to find the optimal price, just set up the revenue equation.
Use x as your variable, but in your work be sure to define what a represents.
Revenue =
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