What rent should the manager charge to maximize revenue

Reference no: EM13193442

The manager of a large apartment complex knows from experience that 100 units will be occupied if the rent is 392 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 7 dollar increase in rent. Similarly, one additional unit will be occupied for each 7 dollar decrease in rent. What rent should the manager charge to maximize revenue?

Reference no: EM13193442

Questions Cloud

Find the demands x for the prices : the demand x for a hand-held electonic organizer is given by p = 5000(1-4/4+e^-0.002x) where p is the price in dollars. Find the demands x for the prices of (a)p=$600 and (b) p = $400

How many are taking algebra but not calculus : there are 870 students taking College Algebra or Calculus. 385 are taking College Algebra, 537 are taking Calculus, and 52 are taking both College Algebra and Calculus. How many are taking Algebra but not Calculus?

How to find the dimensions of a open box : how to find the dimensions of a open box when all you have is the volume which is 6000?

Briefly explain socrates view of justice : Briefly explain Socrates' view of Justice, as found in THE REPUBLIC. MAKE SURE TO INCLUDE HIS VIEWS ON THE STATE and the Individual Soul.

What rent should the manager charge to maximize revenue : Similarly, one additional unit will be occupied for each 7 dollar decrease in rent. What rent should the manager charge to maximize revenue?

Compute the concentrations of nh4+ : Calculate the concentrations of NH4+ and NH3 and the pH in a solution prepared by mixing 22.0g of NaOH and 0.500L of 1.5 M NH4Cl. Assume that the volume remains constant.

Calculate the percentage return on the position : The company pays a $2 annual cash dividend. After a year has passed the seller cover a short position of $42. Then what is the percentage return on the position?

How much does she have invested in each bond : Kelly Fisher has a total of $30,000 invested in two municipal bonds that have yields of 8% and 10% interest per year, respectively. If the interest Kelly receives from the bonds in a year is $2640, how much does she have invested in each bond?

State solution from a rebuilt auto battery : solution from a rebuilt auto baattery. How many milliliters of 1.4M NaHCO3 must be poured on the spill to react completely with the sulfuric acid?

User Account

All Pages