PLS HELP, WILL REWARD BRAINLIEST!!
1 answer:
You might be interested in
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>
Given:
Karen earns $54.60 for working 6 hours.
Amount she earns varies directly with the number of hours she works.
She need to work to earn an additional $260.
To find:
Number of hours she need to work to earn an additional $260.
Solution:
Let the amount of earnings be A and number of hours be t.
According to question,
...(i)
where, k is constant of proportionality.
Karen earns $54.60 for working 6 hours.
Divide both sides by 6.
Put k=9.1 in (i).
Substitute A=260 in the above equation.
Divide both sides by 9.1.
Therefore, she need to work extra about 29 hours to earn an additional $260.