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Business, 12.08.2021 15:40, basketking333
A 370-unit hotel is trying to determine their daily rates. From experience, the hotel manager knows that all rooms are typically occupied when the daily room rate is $89. Market research indicates that for every increase of x dollars in the daily room rate, there will be x rooms vacant. Each occupied room costs $22 per day to service and maintain. What should the hotel charge per day in order to maximize profit
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Answers: 3
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A 370-unit hotel is trying to determine their daily rates. From experience, the hotel manager knows...
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