Question
A property management company manages an apartment block containing 150 units. All 150 units are rented at a monthly rate of $460 per unit and
A property management company manages an apartment block containing 150 units. All 150 units are rented at a monthly rate of $460 per unit and each unit costs the property management company $72.50/month for utilities and repairs. For every $25 rent increase, four fewer apartments are occupied. What rent should be charged in order to realize the most profit?
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Precalculus Functions And Graphs
Authors: William G Zikmund, Earl Swokowski, Jeffery Cole
11th Edition
1111798532, 9781111798536
