The manager of a 97-unit apartment complex finds that all units are rented at a price of $1410 per month. Research shows that for each $30 increase in rent, one additional unit remains vacant. How much should he charge for rent in order to bring in maximum revenue and how many units are rented then?
The manager of a 97-unit apartment complex finds that all units are rented at a price of $1410 per month. Research shows that for each $30 increase in rent, one additional unit remains vacant. How much should he charge for rent in order to bring in maximum revenue and how many units are rented then?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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