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April 19, 2014

Homework Help: Calculus

Posted by Peter on Tuesday, March 2, 2010 at 2:22pm.

The manager of a 100 unit apartment complex knows from experience that all units will be occupied if the rent is $500 per month. A market survey suggests that, on average, one additional unit will remain vacant for each $10 increase in rent. What rent should the manager charge to maximize revenue?

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