The manager of a large apartment complex knows from experience that 120 units will be occupied i

Name: The manager of a large apartment complex knows from experience that 120 units will be occupied if the rent is 342 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 9 dollar increase in rent. Similarly, one additional unit will be occupied for each 9 dollar decrease in rent. What rent should the manager charge to maximize revenue?
Uploaded: 2021-11-08T01:59:50-08:00
Duration: 2 min 9 s
Channel: Mahipal Kumawat
Description: The manager of a large apartment complex knows from experience that 120 units will be occupied if the rent is 342 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 9 dollar increase in rent. Similarly, one additional unit will be occupied for each 9 dollar decrease in rent. What rent should the manager charge to maximize revenue?

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Minh Le · Accepted Answer

Sure, I&#x27;d be happy to help with calculus!

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Please give Ace some feedback