The Denham Motel in Leduc has 90 rooms. If $300 per room is charged the owner will rent 40 rooms per night. For every $25 the price per room is dropped, 10 additional rooms will be rented. Determine what should be charged per room to maximize revenue and what the maximum revenue is on a daily basis. Select one: a. Charge $175 per room, maximum revenue is $15750 per night. b. Charge $250 per room, maximum revenue is $18250 per night. c. Charge $150 per room, maximum revenue is $10000 per night. d. Charge $200 per room, maximum revenue is $16000 per night.

The Denham Motel in Leduc has 90 rooms. If $300 per room is charged the owner will rent 40 rooms per night. For every $25 the price per room is dropped, 10 additional rooms will be rented. Determine what should be charged per room to maximize revenue and what the maximum revenue is on a daily basis. Select one: a. Charge $175 per room, maximum revenue is $15750 per night. b. Charge $250 per room, maximum revenue is $18250 per night. c. Charge $150 per room, maximum revenue is $10000 per night. d. Charge $200 per room, maximum revenue is $16000 per night.

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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Question

Select one:

a. Charge $175 per room, maximum revenue is $15750 per night.

b. Charge $250 per room, maximum revenue is $18250 per night.

c. Charge $150 per room, maximum revenue is $10000 per night.

d. Charge $200 per room, maximum revenue is $16000 per night.

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