Chapter 2.5, Problem 86E

5 Use a spreadsheet to numerically verify the result of Exercises 1-55.

For Exercises 23-28 find the maximum profit and the number of units that must be produced and sold in order to yield the maximum profit, Assume that revenue, $\text{R}\left(\text{x}\right),and\cos t,\text{C}\left(\text{x}\right),areindollarsfor$

Exercises 23-26

Maximizing profit. Gritz-Charlston is a 300-unit luxury hotel All rooms are occupied when the hotel. Charges $80 per day for a room. For every increase of x dollars in the daily room rate, there are x rooms vacant Each occupied room costs $22 per day to service and maintain What should the hotel charge per day in order to maximize profit?