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Name: The manager of a 100 unit apartment complex is trying to decide what t
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Description: The manager of a 100 unit apartment complex is trying to decide what to charge for rent. Experience has shown that at a monthly rate of $1600, every unit will be occupied. For each $100 increase in the monthly rate, one additional unit will remain va

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter8: Functions

Section8.CR: Review Problem Set

Problem 50CR

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The manager of a 100 unit apartment complex is trying to decide what to charge for rent. Experience has shown that at a monthly rate of $1600, every unit will be occupied. For each $100 increase in the monthly rate, one additional unit will remain vacant. Find the number of units the manager should rent to maximize revenue. (Hint: Revenue= monthly rent x number of units rented)

Number of units?

What is the maximum revenue?

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