In a small town near a lake, customers are willing to pay between and for renting a boat for the day. The owners of a boat rental company have figured out that the number of boats that they rent per day can be modeled by the linear function , where is the price of renting a boat. If they charge per day or less, they will rent all their boats. If they charge per day or more, not a single boat will be rented. How much should the owners of the rental company charge to maximize their revenue?
MathComputational mathOptimization
Introduction to optimization
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