How much rent should be charged to maximize revenue

Reference no: EM13201055

A motel has 20 rooms. If the manager charges $60 per room per night, all the rooms will be rented. For each $5 increase, one less room will be rented.

a) How much rent should be charged to maximize revenue?
b) How many rooms are left empty to achieve this maximum?

Reference no: EM13201055

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