Lynbrook West, an apartment complex, has 100 two-bedroom units. The monthly profits (in dollars) realized from renting out x apartments is given byP(x) = -10x2 +1760x - 50,000To maximize the monthly rental profit, how many units should be rented out? What is the maximum monthly profit realizable?

Name: Lynbrook West, an apartment complex, has 100 two-bedroom units. The mo
Uploaded: 2024-03-20T07:07:26.000Z
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Description: Lynbrook West, an apartment complex, has 100 two-bedroom units. The monthly profits (in dollars) realized from renting out x apartments is given byP(x) = -10x2 +1760x - 50,000To maximize the monthly rental profit, how many units should be rented out?

For maximum profit we will have dP/dx=0 From there solve for x. x=88

Answered: Lynbrook West, an apartment complex,…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter4: Polynomial And Rational Functions

Section4.1: Quadratic Functions

Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...

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Lynbrook West, an apartment complex, has 100 two-bedroom units. The monthly profits (in dollars) realized from renting out x apartments is given by

P(x) = -10x² +1760x - 50,000

To maximize the monthly rental profit, how many units should be rented out? What is the maximum monthly profit realizable?

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