The manager of a 100-unit apartment complex knows from experience that all units will be occupied if the rent is $500 per month. A market survey suggest that, on average, one additional unit will remain vacant for each $10 increase in rent. What rent should the manager charge to maximize revenue?
The manager of a 100-unit apartment complex knows from experience that all units will be occupied if the rent is $500 per month. A market survey suggest that, on average, one additional unit will remain vacant for each $10 increase in rent. What rent should the manager charge to maximize revenue?
Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.5: More Area Relationships In The Circle
Problem 30E: At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at...
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The manager of a 100-unit apartment complex knows from experience that all units will be occupied if the rent is $500 per month. A market survey suggest that, on average, one additional unit will remain vacant for each $10 increase in rent. What rent should the manager charge to maximize revenue?
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