A 420 unit hotel is trying to determine their daily rates From experience the hotel manager knows that all rooms are typically

Question

A 420 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 86 Market research indicates that for every increase of dollars in the daily room rate there will be a 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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