A company handles an apartment building with 50 units. Experience has shown that if the rent for each of the units is $720 per month, all of the units will be lled, but 1 unit will become vacant for each $20 increase in this monthly rate. At what price is revenue maximum? What is the maximum revenue and how many apartments are rented to reach this max?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A company handles an apartment building with 50 units. Experience has shown
that if the rent for each of the units is $720 per month, all of the units will be lled, but 1
unit will become vacant for each $20 increase in this monthly rate. At what price is revenue
maximum? What is the maximum revenue and how many apartments are rented to reach
this max?
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