Answer:
Rate = $33
Maximum Income = $5445
Explanation:
Let x be the amount of increase in rental to achieve maximum profit.
So, Rate = (30+x)
When rate increase by x, the quantity decreases by (180 -5x).
Income = (30+x) * (180 - 5x)
Income = 5400 - 150x + 180x - 5x²
Income = -5x² + 30x + 5400
The income will be maximized when derivative of Income is zero.
Taking derivative,
- dI/dx = 2 * -5x + 1 * 30x° + 0
- -10x + 30 = 0
- -10x = -30
- x = -30 / -10
- x = 3
The rate at which cars should be rented to earn maximum income is 30 + 3 = $33 per day per car.
Maximum Income will be,
Rate = 33
Quantity = 180 - 5(3) = 165 cars
Max Income = 33 * 165 = $5445
Answer:
3 business days after notice of acceptance
Explanation:
Earnest money has to be deposited by the buyer within three business days of acceptance of contract.
Earnest money is about 1 - 5% of the price stated in the contract.
If the buyer fails to pay the rest of the money stated in the contract, the seller can keep the earnest money deposited. But if the contract is terminated because of some problem with the house or the seller, then earnest money should be returned to the buyer.
Answer:
The correct option is "B"
Explanation:
Worker = 100 × $10
Worker = 1000
Capital = 50 × $21
Capital = 1050
As the expense of work is not exactly capital, along these lines utilizing more work and less capital. In addition the minor profitability of work is additionally more than the capital
It would take 34.5 years for a population of 550 moose to double if 25 offspring are born and 14 moose die on average per year.
