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May 27, 2015

Homework Help: Calc

Posted by Anonymous on Thursday, August 8, 2013 at 6:12pm.

The manager of a large apartment complex knows from experience that 100 units will be occupied if the rent is 416 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 8 dollar increase in rent. Similarly, one additional unit will be occupied for each 8 dollar decrease in rent. What rent should the manager charge to maximize revenue?

I was given the answer 46208 but that answer is incorrect. Can someone help me? Please

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