Mathematics-calculus-maximum value

Assignment Help Mathematics

Reference no: EM13126837

1. An entrepreneur buys an apartment building with 40 units. The previous owner charged $240 per month for a single apartment and on average rented 32 apartments at that price. The entrepreneur discovers that for every $20 he raises the price another apartment stands vacant.

A. Let x represent the number of $20 price increases. Write expressions for the new price, the number of rented apartments, and the total revenue.

B. What price should the entrepreneur charge for an apartment in order to maximize his revenue?

Reference no: EM13126837

Questions Cloud

Mathematics-calculus-rate measures : A plane flying at an altitude of 25,000 ft. has a defective airspeed indicator. To determine her speed, the pilot sights a fixed point on the ground. At the moment when the angle of depression

Explain and identify the reason for any two components : explain and Identify the reason for any two of the five components of internal control and provide examples of how your two selected components of internal control will meet the goal of safeguarding assets and promoting ethical business practices..

Find the probability that x be greater than y : Let = the sample mean of the 100 scores from University X, and = the sample mean of the 100 scores from University Y. What is the probability that will x be greater than y?

What total payment does the plant receive for clean up : What total payment does the plant receive for this clean up? Use the letters in the graph to determine the total payment (Example: Area = A or Area = A+B).

Mathematics-calculus-maximum value : An entrepreneur buys an apartment building with 40 units. The previous owner charged $240 per month for a single apartment and on average rented 32 apartments at that price.

Interpret the meaning of the confidence interval : After surveying 90 couples, they determined the mean of their sample to be $150 and the standard deviation was $5. What is the 95% confidence interval for the population mean?

Find out which of two investment projects a manager : Find out which of two investment projects a manager should choose if the discount rate of the firm is 10 percent. The first project promises a profit of $100,000 in each of the next four years.

Activity-based costing system : Which of the following indicates that a company may benefit from an Activity-Based Costing system?

Probability that download time is less than one second : Suppose that that download time is normally distributed with a standard deviation of 0.2 seconds. What is the probability that a download time is less than 1 second?

User Account

All Pages