A store rents movies. if the rental fee is 2 dollars each, the store knows they can rent 108 movies per week. For each additional $1 increase the store loses 9 rentals per week. What rental fee should the store charge for a movie to maximize their revenue?

Answer rating: 100% (QA)

This can be solved using a mathematical model that considers the relationship between rental fee number of rentals and total revenue Lets define the variables Rental fee x This is the price the store ... View the full answer