Question
In: Math
A car rental agency rents 480 cars per day at a rate of $30 per day....
A car rental agency rents 480 cars per day at a rate of $30 per day. For each $11increase in rate,10 fewer cars are rented. At what rate should the cars be rented to produce the maximum income? What is the maximum income?
Solutions
SOLUTION
milcah answered 3 years agoRelated Solutions
A car rental agency rents 420 cars per day at a rate of $40 per day....
A car rental agency rents 420 cars per day at a rate of $40 per
day. For each $1 increase in rate, 10 fewer cars are rented. At
what rate should the cars be rented to produce the maximum income?
What is the maximum income?
The rental agency will earn a maximum income of $ _____ when it
charges $ _____ per day.
The rental car agency has 30 cars on the lot. 10 are in great shape, 16...
The rental car agency has 30 cars on the lot. 10 are in great
shape, 16 are in good shape, and 4 are in poor shape. Four cars are
selected at random to be inspected. Do not simplify your answers.
Leave in combinatorics form. What is the probability that:
a. Every car selected is in poor shape
b. At least two cars selected are in good shape.
c. Exactly three cars selected are in great shape.
d. Two cars selected...
A car rental agency in a major city has a total of 4500 cars that it...
A car rental agency in a major city has a total of 4500 cars
that it rents from three locations: Metropolis Airport, downtown,
and the smaller City Airport. Some weekly rental and return
patterns are shown in the table (note that Airport means Metropolis
Airport).
Rented from
Returned to
AP
DT
CA
Airport
(AP)
90%
10%
10%
Downtown (DT)
5%
80%
5%
At the beginning of a week, how many cars should be at each
location so that the same...
A car rental agency in a major city has a total of 2900 cars that it...
A car rental agency in a major city has a total of 2900 cars
that it rents from three locations: Metropolis Airport, downtown,
and the smaller City Airport. Some weekly rental and return
patterns are shown in the table (note that Airport means Metropolis
Airport).
Rented from
Returned to AP DT CA
Airport (AP) 90% 10% 10%
Downtown (DT) 5% 80% 5%
At the beginning of a week, how many cars should be at each
location so that the same...
Hire-a-Car System rents three types of cars at two different locations. The profit made per day...
Hire-a-Car System rents three types of cars at two different
locations. The profit made per day for each car type and company at
the two locations is listed below:
Car Type
Company
Type 1
Type 2
Type 3
A
$25
$40
$10
B
$30
$35
$45
The management forecasts the demand
per day by car type. A linear programming model developed to
maximize profit is used to determine how many reservations to
accept for each type of car. The demand...
Hire-a-Car System rents three types of cars at two different locations. The profit made per day...
Hire-a-Car System rents three types of cars at two different
locations. The profit made per day for each car type and company at
the two locations is listed below:
Car Type
Company
Type 1
Type 2
Type 3
A
$25
$40
$10
B
$30
$35
$45
The management forecasts the demand
per day by car type. A linear programming model developed to
maximize profit is used to determine how many reservations to
accept for each type of car. The demand...
Cars enter a car wash at a mean rate of 2 cars per half an hour....
Cars enter a car wash at a mean rate of 2 cars per half an hour.
What is the probability that, in any hour, exactly 5 cars will
enter the car wash? Round your answer to four decimal places.
Enterprise Rental Car needs to buy up to 200 new cars with $5,123,000. The cars will...
Enterprise Rental Car needs to buy up to 200 new cars with
$5,123,000. The cars will be three types: Smart cars at $24,000,
sedans at $27,000, and luxury cars at $32,000. The new owners of
the company want to purchase at least as many smart cars as sedans
and luxury cars combined. They feel they need to have a minimum of
25 of each possible to rent. If they can earn $40 a day for smart
cars, $45 a day...
Rent'R Cars is a multisite car rental company in the city. It is trying out a...
Rent'R Cars is a multisite car rental company in the city. It is
trying out a new "return the car to the location most convenient
for you" policy to improve customer service. But this means that
the company has to constantly move cars around the city to maintain
required levels of vehicle availability. The supply and demand for
economy cars, and the total cost of moving these vehicles between
sites, are shown below.
From\To
D
E
F
G
Supply
A...
Rent'R Cars is a multisite car rental company in the city. It is trying out a...
Rent'R Cars is a multisite car rental company in the city. It is
trying out a new "return the car to the location most convenient
for you" policy to improve customer service. But this means that
the company has to constantly move cars around the city to maintain
required levels of vehicle availability. The supply and demand for
economy cars, and the total cost of moving these vehicles between
sites, are shown below.
From\To
D
E
F
G
Supply
A...
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