Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Dave rents kayaks to customers at a large recreational lake. When he charges $25 per hour, 15 kayaks are rented. When he charges $10 per hour, 45 kayaks are
rented. Assuming a linear relationship between the hourly charge and the number
of kayaks rented, how much should Dave charge the guests to maximize revenue?
What is the maximum revenue that can be generated?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 3 steps with 2 images
Knowledge Booster
Similar questions
- The cost to buy a plane ticket to Hawaii is $530 if 80 tickets are sold. If more than 80 tickets (up to 100), then there will be a refund of $5 per ticket for each passenger. How many tickets should be sold in order to maximize the revenue?arrow_forwardA farmer finds that if she plants 40 trees per acre, each tree will yield 30 bushels of fruit. She estimates that for each additional tree planted per acre, the yield of each tree will decrease by 2 bushels. How many trees should she plant per acre to maximize her harvest? trees Give your answer rounded to the nearest whole number.arrow_forwardAmazon can sell 20,000 copies of a new book for 16 per book. For each 1 reduction in price Amazon can sell 2,000 more copies what price should Amazon sell the new book to maximize its revenue ?arrow_forward
- a car rental agency rents 200 cars per day at the rate of $40 per day. For each $1 increase in rate, 5 fewer cars are rented. At what rate should the cars be rented to produce the maximum income? what is the maximum income?arrow_forwardA manufacturer sells a product for $10 per unit. The manufacturer’s variable costs are $2.50 per unit and the cost of 100 units is $1450. How many units must the manufacturer produce each month to break even? Break-even point is the point where the total revenue line crosses the total cost linearrow_forwardDebra bought 6 extension cords and 9 axes for $123. Carry bought 6 extension cords and 1 axe for $67. Let x represent the price of each extension cord and y represent price of each axe. Write a cost equation for both Debra and Carry.arrow_forward
- Please show with full workarrow_forwardThe apartment you want to rent is a one bedroom, one bath that has an $800 nonrefundable deposit and rent is $1,400 each month. ANSWER THE FOLLOWING 1. Write a linear equation to determine how much your monthly payment would be for living in an apartment. 2. Determine the total amount you will pay for 1 year.arrow_forwardJanus owns a small bakery that specilaize in 3 layer cakes dcorated with roses.He employs marcisa and annie.Each month janus wants to make $4000 and he would pay his two employees $3000 each.the fixed cost of rent etc.is $5400/month.They sell the cakes for $50 each and the cost of making each cake is $15. Recall that profit is revenue-cost.Revenue is selling prices times items made.and cost is fixed cost plus the cost of each item times the number of itemsarrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Calculus: Early TranscendentalsCalculusISBN:9781285741550Author:James StewartPublisher:Cengage LearningThomas' Calculus (14th Edition)CalculusISBN:9780134438986Author:Joel R. Hass, Christopher E. Heil, Maurice D. WeirPublisher:PEARSONCalculus: Early Transcendentals (3rd Edition)CalculusISBN:9780134763644Author:William L. Briggs, Lyle Cochran, Bernard Gillett, Eric SchulzPublisher:PEARSON
- Calculus: Early TranscendentalsCalculusISBN:9781319050740Author:Jon Rogawski, Colin Adams, Robert FranzosaPublisher:W. H. FreemanCalculus: Early Transcendental FunctionsCalculusISBN:9781337552516Author:Ron Larson, Bruce H. EdwardsPublisher:Cengage Learning
Calculus: Early Transcendentals
Calculus
ISBN:9781285741550
Author:James Stewart
Publisher:Cengage Learning
Thomas' Calculus (14th Edition)
Calculus
ISBN:9780134438986
Author:Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:9780134763644
Author:William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:PEARSON
Calculus: Early Transcendentals
Calculus
ISBN:9781319050740
Author:Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:W. H. Freeman
Calculus: Early Transcendental Functions
Calculus
ISBN:9781337552516
Author:Ron Larson, Bruce H. Edwards
Publisher:Cengage Learning