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What rent should be charged to obtain a maximum profit

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Reference no: EM132076768

A real estate office handles an apartment complex with 30 units. When the rent is $1850 per month, all units are occupied. For each $70 increase in rent, however, an average of one unit becomes vacant. Each occupied unit requires an average of $30 per month for service and repairs. What rent should be charged to obtain a maximum profit?

Reference no: EM132076768

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