Mathematics, 27.04.2021 16:00 josephmartinelli5

Suppose you rent canoes to campers to go down the river for a living. Two summers ago you rented canoes for $35 a day and rented 150 canoes. To entice more campers last summer, you lowered the price by $5 and rented 25 more canoes. This summer you are considering lowering the price again based on the trend you noticed last summer. How much should you rent a canoe for to maximize revenue?

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Suppose you rent canoes to campers to go down the river for a living. Two summers ago you rented can...