Derivative application question please answer with detail! A property management company manages an apartment block containing 150 units. All 150 units are rented at a monthly rate of $460 per unit and each occupied unit costs the property management company $72.50/month per unit for utilities and repairs. For every $25 rent increase, four fewer apartments are occupied. What rent should be charged in order to realize the most profit?
Derivative application question please answer with detail! A property management company manages an apartment block containing 150 units. All 150 units are rented at a monthly rate of $460 per unit and each occupied unit costs the property management company $72.50/month per unit for utilities and repairs. For every $25 rent increase, four fewer apartments are occupied. What rent should be charged in order to realize the most profit?
Chapter3: Polynomial Functions
Section: Chapter Questions
Problem 24RE
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Derivative application question please answer with detail!
A property management company manages an apartment block containing 150 units.
All 150 units are rented at a monthly rate of $460 per unit and each occupied unit costs the
property management company $72.50/month per unit for utilities and repairs. For every $25
rent increase, four fewer apartments are occupied. What rent should be charged in order to
realize the most profit?
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