The owner of an apartment building can rent all 50 apartments if she charges $1,700 per month, but she rents one fewer apartment for each $50 increase in monthly rent. (a) Construct a table that gives the revenue generated if she charges $1,700, $1,750, and $1,800. No. of Apts Total Revenue 50 49 48 Rent $1,700 $ 85000 $1,750 $1,800 ✓ Excellent job! $ 85750 ✓ Great job. $ 86400 ✓ Way to go! (b) Does her revenue from apartment rentals increase or decrease as she increases the rent from $1,700 to $1,800? lo revenue increases revenue decreases Nice work. (c) Write an equation that gives the revenue R, from apartment rentals if she makes x increases of $50 in the rent. R(x) = -50x²+800x+8500 x (d) Find the rent she should charge to maximize her revenue. $ 2100 ✓ per month
The owner of an apartment building can rent all 50 apartments if she charges $1,700 per month, but she rents one fewer apartment for each $50 increase in monthly rent. (a) Construct a table that gives the revenue generated if she charges $1,700, $1,750, and $1,800. No. of Apts Total Revenue 50 49 48 Rent $1,700 $ 85000 $1,750 $1,800 ✓ Excellent job! $ 85750 ✓ Great job. $ 86400 ✓ Way to go! (b) Does her revenue from apartment rentals increase or decrease as she increases the rent from $1,700 to $1,800? lo revenue increases revenue decreases Nice work. (c) Write an equation that gives the revenue R, from apartment rentals if she makes x increases of $50 in the rent. R(x) = -50x²+800x+8500 x (d) Find the rent she should charge to maximize her revenue. $ 2100 ✓ per month
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
Transcribed Image Text:The owner of an apartment building can rent all 50 apartments if she charges $1,700 per month, but she rents one fewer apartment for each $50 increase in monthly rent.
(a) Construct a table that gives the revenue generated if she charges $1,700, $1,750, and $1,800.
Total Revenue
No. of Apts
50
49
48
Rent
$1,700 $ 85000
$1,750 $ 85750
$1,800 $ 86400
Need Help?
✓
Excellent job!
(b) Does her revenue from apartment rentals increase or decrease as she increases the rent from $1,700 to $1,800?
o revenue increases
revenue decreases
Read It
✓ Great job.
✓ Way to go!
Nice work.
(c) Write an equation that gives the revenue R, from apartment rentals if she makes x increases of $50 in the rent.
R(x) = -50x² +800x+8500 X
(d) Find the rent she should charge to maximize her revenue.
$2100
✓per month
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
