Victoria K.

asked • 10/27/20

Maximum Revenue

The manager of a large apartment complex knows from experience that 120 units will be occupied if the rent is 496 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 4 dollar increase in rent. Similarly, one additional unit will be occupied for each 4 dollar decrease in rent. What rent should the manager charge to maximize revenue?

Victoria K.

I've done it two different ways but I keep getting $504, and it counts as wrong I have no clue what I'm doing wrong.


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