Homework Answers
Answer:
Let x be the one of the cars that is no rented
Let the total rent be (10+x) per day
Then number of cars rented = 24 - x
Income generated = (10 + x ) * (24 - x)
Differentiate this equation and equate it to zero
Income = -(10 + x) + 24 –x
-10 - x + 24 - x
-2X + 14 = 0
X = 14/2
x = 7
So for a rent of 10+7 = 17 maximum income is generated.
The charge to maximize income is 17
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