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Renting Paddleboats An enterprise rents out paddleboats for all-day use on a lake. The owner knows that he can rent out all 27 of his paddleboats if he chargers $1 for each rental. He also knows that he can rent out only 26 if he chargers $2 for each rental and that, in general, there will be 1 less paddleboat rental for each extra dollar that he charges per rental.
a. What would the owner’s total revenue be if he charged $3 for each paddleboat rental?
b. Use a formula to express the number of rentals as a function of the amount charged for each rental.
c. Use a formula to express the total revenues as a function of the amount charged for each rental.
d. How much should the owner charge to get the largest total revenue?
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