Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Anonymous
Anonymous asked in Science & MathematicsMathematics · 2 months ago

maximum revenue problem?

The manager of a large apartment complex knows from experience that 110 units will be occupied if the rent is 500 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 1 dollar increase in rent. Similarly, one additional unit will be occupied for each 1 dollar decrease in rent. What rent should the manager charge to maximize revenue?

1 Answer

Relevance
  • Bryce
    Lv 7
    2 months ago

    R= (500 + x)(110 - x)= 55000 - 390x - x²

    dR/dx= -2x - 390= 0; x= -195

    rent= 500 - 195= $305

Still have questions? Get your answers by asking now.