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An entrepreneur manages a parking lot and will decide the rate to be charged. The average number of hours rented Q per day is expressed
An entrepreneur manages a parking lot and will decide the rate to be charged. The average number of hours rented Q per day is expressed by Q = 15,000 - 15p Determine the optimal rate that will MAXIMIZE the daily revenue of the parking lot. Select one: a) 2,500 b) 500 c) 7,500 d) 1,000 e) 750
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