A company handles an apartment building with 70 units. Experience has shown that if the rent for each of the units is $1120 per 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 $1320 per month?

Q: The area of a parking lot is 600 square meters. A car requires 6 square meters. A bus requires 30…

A:

Q: 5. An electronics store can sell 30 ipods per week when the ipods are priced at $290. For each…

A: Cost of ipod to the store is $110 each.

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A: Consider the provided question, Last fall the SAC sold 80 PHS sweatshirts for $40 each. A survey…

Q: A car rental agency rents 200 cars per day at a rate of $30 per day. For each $1 increase in rate, 5…

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Q: If the demand for a pair of shoes is given by 2p+5q=300

A: Demand for a pair of shoes is given:                          2p + 5q = 300

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A: An equation of single variable having degree 2 is called quadratic equation. It is in the form of…

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A: Given the query is to find the price to maximize the revenue.