TOPIC: OPTIMIZATION IN DERIVATIVES Directions: Read and analyze each problem carefully and solve for what is asked. 3. A 150-room hotel in Reno will rent all of its rooms if it charges P4, 000 per room. However, from experience, the manager knows that for each P200 Increase per room, three fewer rooms will be rented per night. What rent per night would maximize the profit if the maintenance per room costs P100 per night? Hint: Profit = Revenue - Cost Revenue = Number of room rented & Rate per room Cost = Number of room rented amaintenace per room
TOPIC: OPTIMIZATION IN DERIVATIVES Directions: Read and analyze each problem carefully and solve for what is asked. 3. A 150-room hotel in Reno will rent all of its rooms if it charges P4, 000 per room. However, from experience, the manager knows that for each P200 Increase per room, three fewer rooms will be rented per night. What rent per night would maximize the profit if the maintenance per room costs P100 per night? Hint: Profit = Revenue - Cost Revenue = Number of room rented & Rate per room Cost = Number of room rented amaintenace per room
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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TOPIC: OPTIMIZATION IN DERIVATIVES
Directions: Read and analyze each problem carefully and solve for what is asked.
3. A 150-room hotel in Reno will rent all of its rooms if it charges P4, 000 per room. However, from experience, the manager knows that for each P200 Increase per room, three fewer rooms will be rented per night. What rent per night would maximize the profit if the maintenance per room costs P100 per night?
Hint:
Profit = Revenue - Cost
Revenue = Number of room rented & Rate per room
Cost = Number of room rented amaintenace per room
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