Determine the maximum profits for a business owner, Other Subject

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Determine the maximum profits for a business owner

Problem: Use the concepts from the MathTalk Video: Marginal Analysis and Approximation to support or not support the following statement: As a hotel owner, in order to maximize profits, I must fill the hotel each night. Additionally, explain your understanding of how to use the derivative to approximate the cost incurred when producing one more item. How can this be used to determine the maximum profits for a business owner?

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