Answer:
The hotel charge for each room to maximize its daily revenue and the maximum daily revenue is explained below in details.
Step-by-step explanation:
So for every $1 hike in price, the number of rooms goes underneath by 1.
So the earnings can be displayed by R(x) = (300-x)(80+x)
From that, you require to subtract 22(300-x) since it takes $22 per occupied room.
AND there is a framed cost of $1000 per day.
So your profit function is P(x) = (300-x)(80+x) - 22(300-x) - 1000
Simplified, this is P(x) = -x2 +242x + 16400.
P'(x) = -2x + 242 Set it = to 0
x = 121 which displayed the number of unoccupied rooms.
P(121) = -14641 + 29282 + 16400 = $31041
You can verify by computing P(120) and P(122) which both even $31040.
Hope this helps.
6$ for 13 but I can’t see instructions
Answer:
where is the parallelogram?
Step-by-step explanation:
11.5
Step-by-step explanation:
