Maximize revenue Question A car rental company charges its customers p dollars per day to rent a car, where 45 < p < 200. The number of cars rented per day can be modeled by the linear function n(p) = 800 – 4p. How much should the company charge each customer per day to maximize revenue? Do not include units or a dollar sign in your answer. Provide your answer below: Find the economic lot or economic order quantity Size which minimizes total cost Question A company produces and sells 10, 125 desks each year. Each production run has a fixed cost of $500 and an additional cost of $15 per desk. To store a desk for a full year costs $8. What is the optimal number of desks the company should make during each production run? Do not include units with your answer. Provide your answer below:

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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Maximize revenue
Question
A car rental company charges its customers p
dollars per day to rent a car, where
45 < p < 200. The number of cars rented
per day can be modeled by the linear
function n(p) = 800 – 4p. How much
should the company charge each customer
per day to maximize revenue? Do not include
units or a dollar sign in your answer.
Provide your answer below:
Transcribed Image Text:Maximize revenue Question A car rental company charges its customers p dollars per day to rent a car, where 45 < p < 200. The number of cars rented per day can be modeled by the linear function n(p) = 800 – 4p. How much should the company charge each customer per day to maximize revenue? Do not include units or a dollar sign in your answer. Provide your answer below:
Find the economic lot or economic order quantity
Size which minimizes total cost
Question
A company produces and sells 10, 125 desks
each year. Each production run has a fixed
cost of $500 and an additional cost of $15
per
desk. To store a desk for a full year costs
$8. What is the optimal number of desks the
company should make during each
production run? Do not include units with
your answer.
Provide your answer below:
Transcribed Image Text:Find the economic lot or economic order quantity Size which minimizes total cost Question A company produces and sells 10, 125 desks each year. Each production run has a fixed cost of $500 and an additional cost of $15 per desk. To store a desk for a full year costs $8. What is the optimal number of desks the company should make during each production run? Do not include units with your answer. Provide your answer below:
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