The owner of an apartment building can rent all 120 apartments if he charges $400 per apartment per month, but the number of apartments rented is reduced by 4 for every $40 increase in the monthly rent.
a. Construct a table that gives the revenue if the rent charged is $440, $480, and $520.
b. Does R(x) = (400 + 40x)(120 - 4x) model the revenue from these apartments if x represents the number of $40 increases?
c. What monthly rent gives the maximum revenue for the apartments?
a. Complete the table below.
Rent
Revenue
$440
$480
$520