Dave rents kayaks to customers at a large recreational lake. When he charges $25 per hour, 15 kayaks are rented. When he charges $10 per hour, 45 kayaks are rented. Assuming a linear relationship between the hourly charge and the number of kayaks rented, how much should Dave charge the guests to maximize revenue? What is the maximum revenue that can be generated?
Dave rents kayaks to customers at a large recreational lake. When he charges $25 per hour, 15 kayaks are rented. When he charges $10 per hour, 45 kayaks are rented. Assuming a linear relationship between the hourly charge and the number of kayaks rented, how much should Dave charge the guests to maximize revenue? What is the maximum revenue that can be generated?
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Dave rents kayaks to customers at a large recreational lake. When he charges $25 per hour, 15 kayaks are rented. When he charges $10 per hour, 45 kayaks are
rented. Assuming a linear relationship between the hourly charge and the number
of kayaks rented, how much should Dave charge the guests to maximize revenue?
What is the maximum revenue that can be generated?
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