8. A bike shop on a resort island can rent all of its 100 bicycles each day at $26 per day. However, for each one dollar increase to the rental price, 2 fewer bikes are rented. a. Using x as the variable, find a function that describes all possible daily revenues. R(x) = b. Find the rental price that will maximize the bike shop's daily revenue. . What is the maximum daily revenue?

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.4: Functions Given By Words
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8. A bike shop on a resort island can rent all of its 100 bicycles each day at $26 per day.
However, for each one dollar increase to the rental price, 2 fewer bikes are rented.
a. Using x as the variable, find a function that describes all possible daily revenues.
R(x) =
b. Find the rental price that will maximize the bike shop's daily revenue.
. What is the maximum daily revenue?
Transcribed Image Text:8. A bike shop on a resort island can rent all of its 100 bicycles each day at $26 per day. However, for each one dollar increase to the rental price, 2 fewer bikes are rented. a. Using x as the variable, find a function that describes all possible daily revenues. R(x) = b. Find the rental price that will maximize the bike shop's daily revenue. . What is the maximum daily revenue?
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