The Hotel Summerfield has 500 rooms. Currently the hotel is filled . The daily rental is $ 850 per room.
For every $ 16 increase in rent the demand for rooms decreases by 8 rooms.
Let x = the number of $ 16 increases that can be made.
What should x be so as to maximize the revenue of the hotel ? _______________
What is the rent per room when the revenue is maximized? $_______________
What is the maximum revenue? $_________________