How much rent should be charged to maximize revenue

Assignment Help Mathematics
Reference no: EM13202243

a motel has 20 rooms.If the manager charages $60 per room per night, all the rooms will be rented.For eac $5 increase,one less room while rented.

how much rent should be charged to maximize revenue?

 

Reference no: EM13202243

Questions Cloud

Decision on the request for working capital finance : Identifies additional information that the bank is likely to require in order to make a decision on the request for working capital finance
Calculate the firms short run supply curve with q : Suppose there are 100 indentical firms in the perfectly competitive notecard industry. Each firm has a short run total cost curve of the form STC= 1/300 q3 +?0.2q?^2+4q+10 and marginal cost is given by SMC = .01q^2 + .4q + 4
Find the probability that a shipment will be accepted : If 1.8% of the cartridges produced by Starr is defective, find the probability that a shipment will be accepted. (Round your answer to four decimal places.)
How many possible seating arrangements are there : seating capacity of six is to be used by six employees who have formed a car pool. If only four of these employees can drive, how many possible seating arrangements are there for the group?
How much rent should be charged to maximize revenue : how much rent should be charged to maximize revenue?
What is the probability that during the next week : A life insurance company has determined that each week an average of seven claims is filed in its Nashville branch.
What prices should be charged for each kind of membership : Mapleville Tennis & Golf Club offers golf and tennis memberships to the residents of Mapleville. Market research has found there are two types of families living in the city: 120 golf-oriented families and 100 tennis-oriented families.
Find the values of a and b for the curve : Find the values of a and b for the curve
Explain how about if you are a franchised dealer : A small-volume foreign auto maker limits the number of its franchised dealers in the United States and gives them exclusive territories. There are also non-dealers who have no official connection with the manufacturer.

Reviews

Write a Review

Mathematics Questions & Answers

  Find probability density function

Question about Probability density function, Let X and Y have joint probability density function f(x,y) (s,t) = ce ^ -(s + 2t) for 0

  Estimate the approximate population of appleville

Estimate the approximate population of Appleville in 1988 by finding an equation and then substituting.

  Use method of undetermined coefficient

Use Method of undetermined coefficient to find a particular solution. Then write the general solution.

  Describe a divisibility rule

A number is divisible by 2 if the last digit is divisible by 2. A number is divisible by 4 if the last two digits form a number divisible by 4. A number is divisible by 8 if the last three digits for a number divisible by 8.

  How much was your total bill

You decide to enroll in a plan that gives you a 10% discount if you make telephone calls 7pm - 6am. The per minute charge is $0.10 and the sales tax is 6%. On the first month's bill you used the phone for 130 minutes 6am - 7pm and then 400 minutes..

  How far downstream does the boater finally land

how far downstream does the boater finally land? (Hint: if x is the cross- stream position of the boat and y is its downstream position, find an expression for dy/dx. Then solve for y(x)).

  Area of region between two curves

LetR be the region bounded by the graph of f(x)=3x^2+6x and g(x)=18x-5x^2. Determine the area of R

  Information about vector subspaces

Suppose that V and W are vector subspaces of Rn. If I define: How can I prove that V+W is also a vector subspace of Rn and ALSO how could verify that (for example)

  Which interval contains the median speed

The frequency table shows data collected by the police in a automobile speed check. Which interval contains the median speed.

  Find the width of the window if the total area of square

A Norman window has the shape of a square with a semicircle mounted on it. Find the width of the window if the total area of the square and the semicircle is to be 200ft.

  Solve the system of equation by matrix method

Solve the system of equation by matrix method - Use augmented matrices to solve the following 2 x 2 systems of equations.

  How many for feet of fence will second garden plot require

a square garden plot measures 125 square feet. a second garden plot measures 245 square feet. how many for feet of fence will the second garden plot require?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd