The manager of a large apartment complex knows from experience that 80 units will be occupied if the rent is 336 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 8 dollar increase in rent. Similarly, one additional unit will be occupied for each 8 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 80 units will be occupied if the rent is 336 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 8 dollar increase in rent. Similarly, one additional unit will be occupied for each 8 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.]
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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![The manager of a large apartment complex knows from experience that 80 units will be occupied if the rent is 336 dollars per month. A market survey
suggests that, on the average, one additional unit will remain vacant for each 8 dollar increase in rent. Similarly, one additional unit will be occupied for
each 8 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%2Ff1250e39-6dd6-4998-af13-3f7b5a30b903%2F833a5557-e5cf-4a5b-81f2-2e6e89f224c9%2Fu8khyhh_processed.png&w=3840&q=75)
Transcribed Image Text:The manager of a large apartment complex knows from experience that 80 units will be occupied if the rent is 336 dollars per month. A market survey
suggests that, on the average, one additional unit will remain vacant for each 8 dollar increase in rent. Similarly, one additional unit will be occupied for
each 8 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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