3. A used car dealership rents 210 cars for $9 a day. They want to increase the price to maximize their profits. They notice that if they increase the price by $1.25 that they have 10 fewer rentals. a. Create an equation for profit for the car dealership rental sales. b. Determine the price of the rental that maximizes profit.

3. A used car dealership rents 210 cars for $9 a day. They want to increase the price to maximize their profits. They notice that if they increase the price by $1.25 that they have 10 fewer rentals. a. Create an equation for profit for the car dealership rental sales. b. Determine the price of the rental that maximizes profit.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter3: Your Role As A Consumer

Section: Chapter Questions

Problem 5AA

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