What rent should the manager charge to maximize revenue

Assignment Help Mathematics
Reference no: EM13193118

The manager of a large apartment complex knows from experience that 90 units will be occupied if the rent is 444 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 6 dollar increase in rent. Similarly, one additional unit will be occupied for each 6 dollar decrease in rent. What rent should the manager charge to maximize revenue.

Reference no: EM13193118

Questions Cloud

What was the size of each payment : Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 6%/year compounded monthly. If the future value of the annuity after 12 yr is $65,000, what was the size of each payment?
How many are taking calculus but not algebra : At East Zone University (EZU) there are 575 students taking College Algebra or Calculus. 345 are taking College Algebra, 302 are taking Calculus, and 72 are taking both College Algebra and Calculus. How many are taking Calculus but not Algebra?
Control casino gaming and gambling : What are the ways Nevada and New Jersey control casino gaming and gambling within their respected states?
Find the tax the owner will have to pay : Business and finance. In Bucks County, the property tax rate is $25.32 per $1000 of assessed value. If a house and property have a value of $128,000, find the tax the owner will have to pay.
What rent should the manager charge to maximize revenue : Similarly, one additional unit will be occupied for each 6 dollar decrease in rent. What rent should the manager charge to maximize revenue.
Siegel change the face of las vegas : How did Bill Harrah and Bugsy Siegel change the face of Las Vegas to what it is today? What are some of their ideas that are still used within hotels/casinos today?
Criteria that can be used to evaluate websites : Criteria that can be used to evaluate websites based on how effective they are, how easy they are to use, and whether or not they are suitable for their intended purpose and audience. Needs 4 criteria with a paragraph per criteria needed to evaluate ..
Multifactor productivity performance for a course : Find the average time a plane must "wait in line" before it can land and calculate the average time it takes a plane to land and clear the runway once it has notified the airport that it is in the vicinity and wants to land.
Intelligence strengths and learning style : How can you use your multiple intelligence strengths and learning style to form positive academic habits? Provide a minimum of two examples in your response.

Reviews

Write a Review

Mathematics Questions & Answers

  Sketch a graph of distance versus time

You are driving to Columbia, SC and due to a traffic jam can only go 30 Mph for the first 20 miles. After that you drive the remaining 90 miles at 60 mph. Sketch a graph of distance versus time and one of speed versus time.

  Fin the critical value, test statistics and the conclusion

In a survey of 700 randomly selected workers, 16 percent got their jobs through   newspaper ads. Consider hypothesis test that uses 0.05 significance level [95 percent confidence interval], test the claim that less than 20 percent of workers got thei..

  Estimate the minimum sample size needed

Estimate the minimum sample size needed to estimate the population mean with the stated accuracy. Show all work.

  Differential equations-matrices and eigenvalues

For this problem please state the method you used and show the work required to obtain the answer. Find the general solution for each of the systems:

  How long will it take the rock to hit

A canyon is 2000 meters deep at its deepest point. A rock is dropped from the rim above this point. Write the height of the rock as a function of time t in seconds. (Use -9.8 m/s2 as the acceleration due to gravity.) How long will it take the rock..

  Find the probability of the indicated results

Find the probability of the indicated results Less than 259 heads

  At what profit level is the model valid

A company finds that its profits can be modelled with the formula P = 67.2x - 4.2x2, where P is the profit in millions of dollars and x is the production (in thousands of units). At what profit level is the model valid? Hint: Look at the discrimin..

  Use stoke theorem to evaluate double integral curl

F(x,y,z)= S is the hemisphere x^2 + y^2 + z^2=9, z is greater than or equal to 0, oriented upward. Use Stoke theorem to evaluate double integral curl F *dS

  How many hamburgers were sold on friday

on friday a local hamburger shop sold a c ombined total of 426 hamburgers and cheeseburgers. The number of cheeseburgers sold was two times the number of hamburgers sold. how many hamburgers were sold on friday?

  What is the estimated sample size

Find the sample size: We desire to be within plus or minus 4 units. We will have a 95% confidence interval and the population standard deviation is 15. What is the estimated sample size?

  Find the width of the margins

A 25-by-33-inch sheet of paper is to be used for a poster, with the shorter side at the bottom. The margins at the sides and top are to have the same width, and the bottom margin is to be twice as wide as the other margins. Find the width of the m..

  Explain isomorphisms and automorphisms

Isomorphisms and automorphisms, This week lecture is taught about Isomorphism, automorphism and Inner automorphism, but I don't understand what they are.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd