A real-estate firm owns 100 apartments. At 400 OMR per month , each apartment can be rented. However, for each 5 OMR per-month-increase, there will be one vacancies with no possibility of filling them. What rent per apartment will maximize monthly revenue?.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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A real-estate firm owns 100 apartments. At 400 OMR per month , each apartment can be rented. However, for each 5 OMR per-month-increase, there will be one vacancies with no possibility of filling them. What rent per apartment will maximize monthly revenue?.

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