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October 23, 2014

Homework Help: Calculus Optimization

Posted by Merit on Wednesday, November 18, 2009 at 4:43pm.

The manager of a large apartment complex knows from experience that 90 units will be occupied if the rent is 500 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 10 dollar increase in rent. Similarly, one additional unit will be occupied for each 10 dollar decrease in rent. What rent should the manager charge to maximize revenue?

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