The manager of a large apartment complex knows from experience that 100 units will be occupied if the rent is 420 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 6 dollar increase in rent. Similarly, one additional unit will be occupied for each 6 dollar decrease in rent. What rent should the manager charge to maximize revenue? Answer: $ [Recall: Revenue is the product of price per unit and number of units rented.]
The manager of a large apartment complex knows from experience that 100 units will be occupied if the rent is 420 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 6 dollar increase in rent. Similarly, one additional unit will be occupied for each 6 dollar decrease in rent. What rent should the manager charge to maximize revenue? Answer: $ [Recall: Revenue is the product of price per unit and number of units rented.]
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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![The manager of a large apartment complex knows from experience that 100 units will be occupied if the rent is 420
dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 6
dollar increase in rent. Similarly, one additional unit will be occupied for each 6 dollar decrease in rent. What rent
should the manager charge to maximize revenue?
Answer: $
[Recall: Revenue is the product of price per unit and number of units rented.]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F11948442-2bcc-4184-9c94-125bcac908cc%2Fcc2ab661-4c7f-48db-8dfa-1db5a026066b%2Fmha2vvq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The manager of a large apartment complex knows from experience that 100 units will be occupied if the rent is 420
dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 6
dollar increase in rent. Similarly, one additional unit will be occupied for each 6 dollar decrease in rent. What rent
should the manager charge to maximize revenue?
Answer: $
[Recall: Revenue is the product of price per unit and number of units rented.]
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