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19 November, 05:00

A car rental agency rents 200 cars per day at a rate of $30 per day. for each $1 increase in rate, 5 fewer cars are rented. at what rate should the cars be rented to produce the maximum income? what is the maximum income?

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  1. 19 November, 07:34
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    The rate should be $35. The agency would be able to rent 175 cars. The maximum income = 35 * 175 = $6125
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