Question
Rent a reck incorporated finds that it can rent 80 cars if it charges $60 for a weekend. It estimates that for each $5 price
Rent a reck incorporated finds that it can rent 80 cars if it charges $60 for a weekend. It estimates that for each $5 price increase it will rent two fewer cars. What price should it charge to maximize its revenue?
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Principles of Economics
Authors: Fred M. Gottheil
7th edition
978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437
