A company handles an apartment building with 70 units. Experience has shown that if the rent for each of the units is$1080per month, all the units will be filled, but 1 unit will become vacant for...

A company handles an apartment building with 70 units. Experience has shown that if the rent for each of the units is$1080per month, all the units will be filled, but 1 unit will become vacant for each $20 increase in the monthly rate. What rent should be charged to maximize the total revenue from the building if the upper limit on the rent is$1300per month?

Oct 07, 2022

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A company handles an apartment building with 70 units. Experience has shown that if the rent for each of the units is$1080per month, all the units will be filled, but 1 unit will become vacant for...

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