A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be $160 per night, 140 rooms will be rented. In order to rent 190 rooms, it must lower the price to $110 per night. If the hotel sets the price to be $110 per night, what is the marginal revenue? The marginal revenue is $ per room. (Round answer to nearest dollar. If more than one answer, separate with a comma.)
A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be $160 per night, 140 rooms will be rented. In order to rent 190 rooms, it must lower the price to $110 per night. If the hotel sets the price to be $110 per night, what is the marginal revenue? The marginal revenue is $ per room. (Round answer to nearest dollar. If more than one answer, separate with a comma.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be $160 per night, 140 rooms will be rented. In order to rent
190 rooms, it must lower the price to $110 per night. If the hotel sets the price to be $110 per night, what is the marginal revenue?
The marginal revenue is $
(Round answer to nearest dollar. If more than one answer, separate with a comma.)
per room.
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