8. A bike shop on a resort island can rent all of its 100 bicycles each day at $26 per day. However, for each one dollar increase to the rental price, 2 fewer bikes are rented. a. Using x as the variable, find a function that describes all possible daily revenues. R(x) = b. Find the rental price that will maximize the bike shop's daily revenue. . What is the maximum daily revenue?
8. A bike shop on a resort island can rent all of its 100 bicycles each day at $26 per day. However, for each one dollar increase to the rental price, 2 fewer bikes are rented. a. Using x as the variable, find a function that describes all possible daily revenues. R(x) = b. Find the rental price that will maximize the bike shop's daily revenue. . What is the maximum daily revenue?
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.4: Functions Given By Words
Problem 13E
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Please help with #8
![8. A bike shop on a resort island can rent all of its 100 bicycles each day at $26 per day.
However, for each one dollar increase to the rental price, 2 fewer bikes are rented.
a. Using x as the variable, find a function that describes all possible daily revenues.
R(x) =
b. Find the rental price that will maximize the bike shop's daily revenue.
. What is the maximum daily revenue?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fadd942ee-f79e-4a36-9f00-66fe52871351%2F4c488836-330e-4c0a-a1a6-03e1c04783d7%2Fbeai98_processed.jpeg&w=3840&q=75)
Transcribed Image Text:8. A bike shop on a resort island can rent all of its 100 bicycles each day at $26 per day.
However, for each one dollar increase to the rental price, 2 fewer bikes are rented.
a. Using x as the variable, find a function that describes all possible daily revenues.
R(x) =
b. Find the rental price that will maximize the bike shop's daily revenue.
. What is the maximum daily revenue?
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