The owner of an apartment tower rents out each of her 250 apartments for the sum of $300 per month. She knows that if she lowers the rent by slice of $2, it earns an average of 5 tenants. What should the average monthly rent be of one of these apartments if she wishes to make a maximum monthly income? What should be the number of tenants necessary to obtain this maximum income? What should this income be maximum?

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
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The owner of an apartment tower rents out each of her 250
apartments for the sum of $300 per month. She knows that if she lowers the rent by
slice of $2, it earns an average of 5 tenants. What should the average monthly rent be
of one of these apartments if she wishes to make a maximum monthly income? What should be the
number of tenants necessary to obtain this maximum income? What should this income be
maximum?
Transcribed Image Text:The owner of an apartment tower rents out each of her 250 apartments for the sum of $300 per month. She knows that if she lowers the rent by slice of $2, it earns an average of 5 tenants. What should the average monthly rent be of one of these apartments if she wishes to make a maximum monthly income? What should be the number of tenants necessary to obtain this maximum income? What should this income be maximum?
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