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Norma-Jean [14]
3 years ago
5

Rent-A-Reck Incorporated finds that it can rent 60 cars if it charges $40 for a weekend. It estimates that for each $5 price inc

rease it will rent two fewer cars. What price should it charge to maximize its revenue

Business
1 answer:
kipiarov [429]3 years ago
5 0

Answer: $38

Explanation:

Based on the scenario in the question, the equation for the total revenue will be:

= (60 - 2n)(40 + 5n).

It should be noted that the coefficient of increment is represented by n.

Check the attachment for further details.

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