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What are the revenue maximizing rent and the occupancy rate

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Easy Living Corporation manages a 1000-unit rental apartment complex. If rent is set at $2,000 a month, the complex would have a 90 % occupancy rate. A 100 % occupancy rate is achieved by reducing the rent to $1,800 a month. What are the revenue maximizing rent and the occupancy rate, assuming a linear demand function?

Reference no: EM13877245

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