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October 22, 2014

Homework Help: Calculus

Posted by John on Tuesday, July 13, 2010 at 2:45pm.

The manager of a large apartment complex knows from experience that 80 units will be occupied if the rent is 472 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?

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