A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be $160 per night, 140 rooms will be rented. In order to rent 190 rooms, it must lower the price to $110 per night. If the hotel sets the price to be $110 per night, what is the marginal revenue? The marginal revenue is $ per room. (Round answer to nearest dollar. If more than one answer, separate with a comma.)

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ISBN:9781337282291
Author:Ron Larson
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A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be $160 per night, 140 rooms will be rented. In order to rent
190 rooms, it must lower the price to $110 per night. If the hotel sets the price to be $110 per night, what is the marginal revenue?
The marginal revenue is $
(Round answer to nearest dollar. If more than one answer, separate with a comma.)
per room.
Transcribed Image Text:A hotel rents rooms to customers by the night. The hotel determines that if it sets the price of the room to be $160 per night, 140 rooms will be rented. In order to rent 190 rooms, it must lower the price to $110 per night. If the hotel sets the price to be $110 per night, what is the marginal revenue? The marginal revenue is $ (Round answer to nearest dollar. If more than one answer, separate with a comma.) per room.
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