The manager of a car rental agency knows from experience that all 300 cars will be rented if the fee is $65 a day. A market survey suggests that, on average, 12 fewer cars will be rented for each $6 increase in price. What is our max revenue? $23,112.50 $46,225.00 $19,500.00

The manager of a car rental agency knows from experience that all 300 cars will be rented if the fee is $65 a day. A market survey suggests that, on average, 12 fewer cars will be rented for each $6 increase in price. What is our max revenue? $23,112.50 $46,225.00 $19,500.00

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...

See similar textbooks

Similar questions

Sam’s wage goes up from $11.45 an hour to $12.82 an hour. What percentage increase did he get? If he were to get the same percentage raise next year, what would be his new hourly wage?
An entry level programmer's annual pay is $⁢57,616 based on 52 weeks per year. Due to the economy, his company is having to cut back on the number of weeks that it employs its programmers. If the firm cuts the work year to 50 weeks but keeps the same rate of pay, how much should the programmer expect his annual pay to decrease? Round your answer to the nearest dollar.
Stadium View Apartment Complex has 20 apartments to rent. Historical data Trend suggests that any time rent increases by $50.00 per month one apartment becomes vacant. The current rent is $400.00 per month. How many $50.00 increases will enable Stadium View Apartments maximize its total monthly rent revenue?
According to one study, the average monthly cell phone bill in a certain country is $70 (up 31% since 2009). If an 18-year old student with an average bill gives up his cell phone and each month invests the $70 he would have spent on his phone bill in a savings plan that averages a 4% annual return, how much will he have saved by the time he is 70? He will have saved $by the time heis 70. (Round to the nearest cent as needed.)
In 2000, the median home price in a certain city was about $300,000, and from 2000 to 2006, home prices in this city rose at an average rate of about 10.2% per year. If prices had continued to rise at that rate, what would the median home price have been in 2018? Compare to the actual median price of about $400,000 in 2018.
In a survey of consumers, approximately 43% said they would be willing to pay $1500 more for a new car if the car had an EPA rating of 83 miles per gallon. If your car currently gets 21 miles per gallon and you drive approximately 10,000 miles per year, in how many months would your savings on gasoline pay for the increased cost of such a car? Assume that the average cost of gasoline is $2.00 per gallon. Round to the nearest whole number.