The owner of an apartment building can rent all 50 apartments if she charges $600 per month, but she rents one fewer apartment for each $30 increase in monthly rent. Find the rent she should charge to maximize her revenue.
The owner of an apartment building can rent all 50 apartments if she charges $600 per month, but she rents one fewer apartment for each $30 increase in monthly rent. Find the rent she should charge to maximize her revenue.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter4: Rational Expressions
Section4.CM: Cumulative Review Problem Set
Problem 48CM
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The owner of an apartment building can rent all 50 apartments if she charges $600 per month, but she rents one fewer apartment for each $30 increase in monthly rent.
Find the rent she should charge to maximize her revenue.
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This question can be solved using the concept of maxima and minima.
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