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A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be $160 per
A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be $160 per night 150 rooms will be rented. In order to rent 200 rooms, it must lower the price to $110 per night. What price was it set in order to maximize revenue
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Authors: Richard D De Veaux, Paul D Velleman, David E Bock
4th Edition
