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A local daycare centre charges $65 per day to care for a child. The daycare currently cares for 150 children per day. A survey shows that the enrollment in the daycare will increase by 10 children for each $5 decrease in daily fee, and would decrease similarly if the daily fees are increased.
What daily fee would result in the greatest revenue for the daycare centre?
A local daycare centre charges $65 per day to care for a child. The daycare currently cares for 150 children per day. A survey shows that the enrollment in the daycare will increase by 10 children for each $5 decrease in daily fee, and would decrease similarly if the daily fees are increased.
What daily fee would result in the greatest revenue for the daycare centre?
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