document.write( "Question 1152845: David owns a block of 30-holiday units that he rents out. He estimates that 90% of the units are occupied when he charges $250 rent per unit per night. David finds that if he increases the rent, the demand for the units decreases. For each $40 increase in the charge, three more units are not occupied.\r
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document.write( "a) Express the number of units occupied as a function of the rent charged.\r
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document.write( "b) Express the total revenue obtained by David as a function of the rent charged.\r
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Algebra.Com's Answer #774958 by ikleyn(52794)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( " \r\n" ); document.write( "(a) Let p be the price for one single unit, and let d(p) be the number of occupied units as the function of price.\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( " The condition says that\r\n" ); document.write( "\r\n" ); document.write( "\r\n" ); document.write( " d(250) = 0.9*30 = 27 units, and\r\n" ); document.write( "\r\n" ); document.write( " d(p) = 27 -\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |