What is the translation for 16.5 units right
1 answer:
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Given that for each <span>$2 increase in price, the demand is less and 4 fewer cars are rented.
Let x be the number of $2 increases in price, then the revenue from renting cars is given by
.
Also, given that f</span><span>or each car that is rented, there are routine maintenance costs of $5 per day, then the total cost of renting cars is given by
Profit is given by revenue - cost.
Thus, the profit from renting cars is given by
</span><span>
For maximum profit, the differentiation of the profit function equals zero.
i.e.
</span><span>
The price of renting a car is given by 48 + 2x = 48 + 2(8) = 48 + 16 = 64.
Therefore, the </span><span>rental charge will maximize profit is $64.</span>
Let x be the number of $2 increases in price, then the revenue from renting cars is given by
Also, given that f</span><span>or each car that is rented, there are routine maintenance costs of $5 per day, then the total cost of renting cars is given by
Profit is given by revenue - cost.
Thus, the profit from renting cars is given by
</span><span>
For maximum profit, the differentiation of the profit function equals zero.
i.e.
</span><span>
The price of renting a car is given by 48 + 2x = 48 + 2(8) = 48 + 16 = 64.
Therefore, the </span><span>rental charge will maximize profit is $64.</span>
Answer:
Step-by-step explanation:
For this case we can use the formula for the future value with compound interest given by:
(1)
For this case since the interest is compounded quarterly we have 3 periods each year, since we have 3 quarters in a year.
r represent the rate =0.026
t = 6 represent the number of years
P = 3200 represent the amount invested at the begin
If we apply the formula (1) we got:
So then the balance after 6 years would be approximately 50995 with the conditions provided.