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>
Answer:
Exact Form:
x = 31/25
Decimal Form:
x = 1.24
Mixed Number Form:
x = 1 6/25
Step-by-step explanation:
Hope this helps
Answer
Attached the graph
Step by step explanation
Y = -1/4z + 5
Let's form the table values
Here z is the independent variable and y is the dependent values.
Let's take z = -1, 0, 1, 2 and find the corresponding y-values
<u>z y</u>
-1 5.25
0 5
1 4.75
2 4.5
Now let's plot the points and draw the graph.
Here is the graph.
Answer:
6
Step-by-step explanation:
5% of 120 were late
=
× 120
= 0.05 × 120
= 6