11. A hotel in South Carolina is able to rent all of its 300 rooms at...

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11. A hotel in South Carolina is able to rent all of its 300 rooms at a rent of $80 per room. For every $1 increase in price, 3 fewer rooms are rented. How much should the hotel rent each room to get the maximum revenue? At this price, how many rooms are rented? 11. A hotel in South Carolina is able to rent all of its 300 rooms at a rent of $80 per room. For every $1 increase in price, 3 fewer rooms are rented. How much should the hotel rent each room to get the maximum revenue? At this price, how many rooms are rented?

Answer rating: 100% (QA)

To find the price at which the hotel should rent each room to maximize revenue we need to consider t... View the full answer