Business, 16.04.2020 01:46, DJEMPGYT

The daily demand for rooms at a motel is given by P=100-2Q. Assume that the motel has 40 rooms.

a. If the total variable costs of running this motel are zero, find the price that maximizes profit and the number of rooms rented at that price.

b. If the incremental cost of renting a room is $9, find the price that maximizes profit and the number of rooms rented at that price.

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The daily demand for rooms at a motel is given by P=100-2Q. Assume that the motel has 40 rooms.