campground charges $20 to camp for the night. They average 43 groups renting campsites each night. A recent survey indicated that for every $2 decrease in the nightly price, the number of campsites rented increases by 7. What price will maximize nightly revenue? Make sure to include your equation with your work.

hreryryrranswer:

step-by-step explanation:

answer: options

step-by-step explanation:

answer: 1+1

step-by-step explanation: 1+1 is at least 2

(a) {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …}

(b) $59 398

step-by-step explanation:

(a) the annual sequence of profits

aₙ = a₁rⁿ⁻¹

the model for the sequence of profits is {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …} .

(b) profit after 15 yr

  a₁ = $ 30 000

  r = 1.05

a₁₅ = 30 000 × 1.05¹⁴

a₁₅ = 30 000 × 1.979 93

a₁₅ = $59 398

the profit in year 15 will be $59 398.